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The Free-Banking Era: A Lesson for Today?

Author

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  • Daniel R. Sanches

Abstract

Reaching back to a volatile era in U.S. banking history, Daniel Sanches finds insight for today?s challenge of ensuring a stable banking system ? though perhaps not the lesson one might expect.

Suggested Citation

  • Daniel R. Sanches, 2016. "The Free-Banking Era: A Lesson for Today?," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 1(3), pages 9-14, July.
  • Handle: RePEc:fip:fedpei:00008
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    References listed on IDEAS

    as
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    3. R. Glenn Hubbard, 1991. "Financial Markets and Financial Crises," NBER Books, National Bureau of Economic Research, Inc, number glen91-1, July.
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    5. Michael Slonkosky, 2015. "Over-the-counter swaps – before and after reform," Banking Policy Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 1-5.
    6. R. Glenn Hubbard, 1991. "Introduction to "Financial Markets and Financial Crises"," NBER Chapters, in: Financial Markets and Financial Crises, pages 1-10, National Bureau of Economic Research, Inc.
    7. Selgin, George A & White, Lawrence H, 1987. "The Evaluation of a Free Banking System," Economic Inquiry, Western Economic Association International, vol. 25(3), pages 439-457, July.
    8. George A. Selgin & Lawrence H. White, 1994. "How Would the Invisible Hand Handle Money?," Journal of Economic Literature, American Economic Association, vol. 32(4), pages 1718-1749, December.
    9. Rockoff, Hugh, 1974. "The Free Banking Era: A Reexamination," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(2), pages 141-167, May.
    10. Michael Slonkosky, 2015. "Banking policy review: over-the-counter swaps — before and after reform," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 12-16.
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    12. Rolnick, Arthur J. & Weber, Warren E., 1984. "The causes of free bank failures : A detailed examination," Journal of Monetary Economics, Elsevier, vol. 14(3), pages 267-291, November.
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    Keywords

    Banking History; U.S Banking;

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