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The Experience of Free Banking
About this book
Many people mistakenly – but perhaps understandably – believe that 'free banking' means paying no charges for their bank accounts. But 'free banking' is really an historic term to describe a system in which banks issue their own notes – without the presence of a central bank (such as the Bank of England in the UK). For some, this may seem an alien concept. But free banking has already been explored in many countries around the world. The Experience of Free Banking (first published in 1992) analyses the impact of free banking in such countries as Australia, Canada, France, the US and more. And this revised second edition widens and updates its scope to encompass free banking in Belgium, Italy, China and further afield. Featuring chapters from distinguished economists around the world, it also incorporates an innovative guide, providing an invaluable starting point for researchers delving into the historical impact and effectiveness of free banking – or assessing its future potential.
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Information
Table of contents
- About the authors
- Foreword to the first edition (1992)
- Foreword to the second edition
- Acknowledgements
- 1 Introduction: the experience of free banking
- 2 The world history of free banking: an overview
- 3 Free banking in Australia
- 4 Free banking in Belgium, 1835–50
- 5 Free banking in Canada
- 6 Free banking in Chile
- 7 Free banking in Colombia
- 8 Free banking in Foochow
- 9 Free banking in France, 1796–1803
- 10 Free banking in Ireland
- 11 Competitive note issue in Italy, 1860–93
- 12 Free banking in early twentieth-century northeast China
- 13 Free banking in Peru
- 14 Free banking in Scotland before 1844
- 15 Free banking in Sweden
- 16 Free banking in Switzerland after the liberal revolutions in the nineteenth century
- 17 US banking in the ‘free banking’ period
- 18 Guide to the literature on the historical experiences of free banking
- References
- About the IEA