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| Author: | Selgin, G. White, L. |
| Title: | How would the invisible hand handle money? |
| Journal: | Journal of Economic Literature
1994 : DEC, VOL. 32:4, p. 1718-1749 |
| Index terms: | MONEY PAYMENT SYSTEMS BANKING |
| Language: | eng |
| Abstract: | The last three decades have seen governments around the world remove a number of restrictions from financial markets and payments systems. Technological innovations have reduced the effectiveness of some surviving regulations, and virtually unrestricted off-shore banking market has grown to prominence. During the same time some economists have become intrigued by the idea of a completely unregulated financial and payments system - the conceptual (if distant) endpoint of deregulation. What are the implications of laissez faire in money in banking? |
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