The Free Banking Era: new evidence on laissez-faire banking

"The purpose of this paper is to begin a reevaluation of the Free Banking Era by developing and examining individual bank information on the population of banks which existed under the free banking laws in four states. This information allows us to determine the number of free banks which faile...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Rolnick, Arthur Jeffrey (VerfasserIn), Weber, Warren E. (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Minneapolis, Minn. Federal Reserve Bank of Minneapolis 1982
Schriftenreihe:Staff report 80
Zusammenfassung:"The purpose of this paper is to begin a reevaluation of the Free Banking Era by developing and examining individual bank information on the population of banks which existed under the free banking laws in four states. This information allows us to determine the number of free banks which failed and to estimate the resulting losses to their note holders. While the new evidence suggests there were problems with free banking, it presents a serious challenge to the prevailing view that free banking led to financial chaos"--Federal Reserve Bank of Minneapolis web site
Beschreibung:Literaturangaben
Beschreibung:46 Bl. graph. Darst.

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