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Lessons from the American Experience with Free Banking

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NBER1989-12-01 更新2025-01-04 收录
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There has been considerable interest in recent years in historical experiments with "free banking." This paper examines once again the American experiments in the decades before the Civil War, and the recent literature on them. The lessons of this experience for four issues are considered: (1) the

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1989-12-01
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