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.


Format Häftad Omfång 88 sidor Språk Engelska Förlag Institute of Economic Affairs Utgivningsdatum 2018-01-04 ISBN 9780255367523