Stabilita a efektivnost amerického "Svobodného bankovnictví"

Title in English Stability and Efficiency of American "Free Banking"


Year of publication 2008
Type Article in Periodical
Magazine / Source Národohospodárský obzor
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords american free banking; stability efficiency
Description This paper reviews results of modern research in the American "Free Banking". It shows that this regulation created a banking system that was less safe than other alternatives used in the same period of time in other parts of the US (though much less instable than was previously thought). The main emphasis is laid on factors that destabilized the system. The paper shows that its instability was not "inherent" but was caused by an inappropriate governmental regulation.

You are running an old browser version. We recommend updating your browser to its latest version.