DO WE REALLY NEED CENTRAL BANKS?

Roland Vaubel

Economic Affairs, 2009, vol. 29, issue 3, 6-8

Abstract: An analysis of economic theory and economic history suggests that central banks, with a monopoly of money‐issuing services, are not necessary. The often‐levelled arguments against private banks issuing money in competition with each other and with central banks do not stand up to close scrutiny.

Date: 2009
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https://doi.org/10.1111/j.1468-0270.2009.01911.x

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