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.
- ISBN10 0255363753
- ISBN13 9780255363754
- Publish Date 19 January 1996 (first published 30 March 1984)
- Publish Status Out of Stock
- Publish Country GB
- Imprint Institute of Economic Affairs
- Edition 2nd Revised edition
- Format Paperback
- Pages 176
- Language English