When is Free Banking More Stable Than Regulated Banking?

Carl Christ

Chapter 9 in Monetary Theory and Thought, 1993, pp 185-209 from Palgrave Macmillan

Abstract: Abstract This paper presents a model of an open economy with free banking, and asks what features of free banking permit its advocates to say that it is more stable than regulated banking, both with respect to inflation and with respect to bank runs, failures and panics.

Keywords: Central Bank; Price Level; Real Income; Money Demand; Flexible Exchange Rate (search for similar items in EconPapers)
Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12535-7_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349125357

DOI: 10.1007/978-1-349-12535-7_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().