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.

• | By (Author): George Selgin
• | Publisher: Institute of Economic Affairs
• | Publication Date: Jan 04, 2018
• | Country of Publication: United Kingdom
• | Number of Pages: 88 pages
• | Language: Unknown
• | Binding: Softback
• | ISBN-10: 025536752X
• | ISBN-13: 9780255367523