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This book 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 gets out of control.
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Financial Stability Without Central Banks, George Selgin
- Language
- Released
- 2018
- Binding
- (Paperback)
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- Title
- Financial Stability Without Central Banks
- Language
- English
- Authors
- George Selgin
- Publisher
- Institute of Economic Affairs
- Released
- 2018
- Format
- Paperback
- Pages
- 88
- ISBN10
- 025536752X
- ISBN13
- 9780255367523
- Series
- Rating
- 3.65 out of 5
- Description
- This book 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 gets out of control.