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Money and the Market : Essays on Free Banking - Kevin K. Dowd

Money and the Market

Essays on Free Banking

Hardcover Published: 1st January 2001
ISBN: 9780415242127
Number Of Pages: 244

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Kevin Dowd asserts that state intervention into financial and monetary systems has failed, and that we would be better off if financial markets were left to regulate themselves. This collection will appeal to students, researchers and policy makers in the monetary and financial area.

List of tables
Permissions acknowledgements
Introductionp. 1
The theory of financial laissez-fairep. 15
The case for financial laissez-fairep. 17
Bank capital adequacy versus deposit insurancep. 26
Does asymmetric information justify bank capital adequacy regulation?p. 34
Competitive banking, bankers' clubs, and bank regulationp. 40
The invisible hand and the evolution of the monetary systemp. 57
Are free markets the cause of financial instability?p. 75
The monetary regimep. 83
A proposal to end inflationp. 85
Reply to Hillierp. 98
Using futures prices to control inflation: reply to Garrison and Whitep. 100
The 'compensated dollar' revisitedp. 104
Money and the market: what role for government?p. 114
Policy issuesp. 129
Two arguments for the restriction of international capital flowsp. 131
Monetary policy in the twenty-first century: an impossible task?p. 141
Reflections on the future of goldp. 145
Too big to fail? Long-Term Capital Management and the Federal Reservep. 153
Paternalism fails again: the sorry story of the Financial Services Actp. 167
Notesp. 183
Referencesp. 213
Indexp. 221
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780415242127
ISBN-10: 0415242126
Series: Foundations of the Market Economy
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 244
Published: 1st January 2001
Country of Publication: GB
Dimensions (cm): 24.13 x 16.51  x 2.54
Weight (kg): 0.5
Edition Number: 1

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