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Financial Stability without Central Banks
Financial Stability without Central Banks
Author: George Selgin, Kevin Dowd, Mathieu Bédard
George Selgin is one of the world's foremost monetary historians. In this book, based on the 2016 Hayek Memorial Lecture, he shows how a system of private banks without a central bank can bring about financial stability through self-regulation. If one bank stretches credit too far, it will be reined in by the others before the system as a whole ...  more »
ISBN-13: 9780255367523
ISBN-10: 025536752X
Publication Date: 3/4/2018
Pages: 88
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Publisher: Institute Of Economic Affairs
Book Type: Paperback
Members Wishing: 0
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