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Financial Stability Without Central Banks
George Selgin is one of the world's foremost monetary historians. In this book, based on the 2016 Hayek Memorial Lecture, he 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. The ban ...more
Paperback, 88 pages
Published January 4th 2018 by London School of Economics and Political Science
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