The Efficiency of Self-Regulated Payments Systems: Learning From the Suffolk System
收藏NBER1996-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5442
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资源简介：
This paper analyzes the operation of the Suffolk System, an interbank note-clearing network operating throughout New England from the 1820s through the 1850s. Banks made markets in each other's notes at par, which allowed New England to avoid discounting of bank notes in trade. Privately enforced
提供机构：
美国国家经济研究局
创建时间：
1996-01-01
