Bank Deregulation and Monetary Order
Author
Link
Cost
Paid
Published
1996
Updated
2002
Full Name
Bank Deregulation and Monetary Order: Routledge International Studies in Money and Banking)
Can the “invisible hand" handle money? Bank Deregulation and Monetary Order is a collection of essays that challenges the view that government regulation creates monetary order and stability. Instead, it shows it to be the main source of monetary and banking crises. Bank Deregulation and Monetary Order is bound to provoke controversy while stimulating further research. It will be of great interest to students and researchers in monetary economics, banking, and economic policy.
The volume is divided into three sections:
- Part I refutes conventional wisdom holding that any monetary system lacking government regulation is "inherently unstable," and looks at the workings of market forces in an otherwise unregulated banking system.
- Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system.
- Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.