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Challenging conventional banking beliefs, this book explores the concept of free or laissez-faire banking, arguing that markets can allocate resources more effectively than government interventions. It questions the necessity of a lender of last resort and deposit insurance, proposing that similar principles should apply to the banking sector. Divided into three sections, the work examines the theoretical foundations of free banking, historical examples, and contemporary reforms inspired by its principles, offering a comprehensive perspective on the potential of a deregulated banking system.
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Laissez Faire Banking, Kevin Dowd
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- Pubblicato
- 1996
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