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Free Banking in Britain: Theory, Experience and Debate 1800-1845

Free Banking in Britain: Theory, Experience and Debate 1800-1845

ISBN: 9780255363754
Publisher: Institute of Economic Affairs
Edition: 2nd UK ed.
Publication Date: 1996-01-01
Number of pages: 176
Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.
$51.20

Free banking, generically speaking, denotes a monetary system without a central bank, under which the issuing of currency is left to private banks. This book explores how this could work in practice by examining how this has worked historically, specifically in the United Kingdom in the early 19th century. After building a theory of free banking, its central chapters explore the history of Scotlands experience of free banking and the contemporary policy debate over the question of whether Parliament should allow free banking in England. The final chapters bring the debate forward and examine how free banking could work in modern times. The result is a significantly revised and update edition of a book about privately issued currency.

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