Financial Stability Without Central Banks

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.

• | Author: George Selgin
• | Publisher: Institute of Economic Affairs
• | Publication Date: Jan 04, 2018
• | Number of Pages:
• | Language:
• | Binding: Paperback / softback
• | ISBN-13: 9780255367523
• | ISBN-10: 025536752X