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Laissez Faire Banking
The idea of free (or laissez-faire) banking has enjoyed a remarkable renaissance in recent years. It is a novel idea that challenges much of what many banking scholars still take for granted - that banking is inherently unstable, that the banking system needs a lender of last resort or deposit insurance to defend it in a crisis, and that the Government has to protect the v ...more
Paperback, 392 pages
Published May 30th 1996 by Taylor & Francis
(first published March 26th 1993)
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Kevin Dowd is an economist with research interests in private money and free banking, monetary and macro economics, financial risk measurement and management, risk disclosure, political economy and policy analysis, pensions and mortality modelling. He is currently Professor of Finance and Economics at Durham University Business School and a partner in Cobden Partners based in London.