Unregulated and regulated free banking: Evidence from the case of Switzerland (1826–1907)
Author
Abstract
Suggested Citation
DOI: 10.1016/j.eeh.2021.101423
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Kahn, James A, 1985. "Another Look at Free Banking in the United States [New Evidence on the Free Banking Era]," American Economic Review, American Economic Association, vol. 75(4), pages 881-885, September.
- Fernández-Villaverde, Jesús & Sanches, Daniel, 2019.
"Can currency competition work?,"
Journal of Monetary Economics, Elsevier, vol. 106(C), pages 1-15.
- Jesus Fernandez-Villaverde & Daniel Sanches, 2016. "Can Currency Competition Work?," PIER Working Paper Archive 16-008, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 03 Apr 2016.
- Jesús Fernández-Villaverde & Daniel R. Sanches, 2016. "Can currency competition work?," Working Papers 16-12, Federal Reserve Bank of Philadelphia.
- Fernández-Villaverde, Jesús & Sanches, Daniel, 2016. "Can Currency Competition Work?," CEPR Discussion Papers 11095, C.E.P.R. Discussion Papers.
- Jesús Fernández-Villaverde & Daniel Sanches, 2016. "Can Currency Competition Work?," NBER Working Papers 22157, National Bureau of Economic Research, Inc.
- repec:bla:germec:v:4:y:2003:i::p:389-408 is not listed on IDEAS
- Miron, Jeffrey A, 1986. "Financial Panics, the Seasonality of the Nominal Interest Rate, and theFounding of the Fed," American Economic Review, American Economic Association, vol. 76(1), pages 125-140, March.
- Baltensperger,Ernst & Kugler,Peter, 2017. "Swiss Monetary History since the Early 19th Century," Cambridge Books, Cambridge University Press, number 9781107199309, January.
- Manfred Neldner, 2003. "Competition Necessarily Tends to Produce Excess: The Experience of Free Banking in Switzerland," German Economic Review, Verein für Socialpolitik, vol. 4(3), pages 389-408, August.
- Hugh Rockoff, 1991.
"Lessons from the American Experience with Free Banking,"
Palgrave Macmillan Books, in: Forrest Capie & Geoffrey E. Wood (ed.), Unregulated Banking, chapter 3, pages 73-129,
Palgrave Macmillan.
- Hugh Rockoff, 1989. "Lessons from the American Experience with Free Banking," NBER Historical Working Papers 0009, National Bureau of Economic Research, Inc.
- Stefan Gerlach & Peter Kugler, 2018. "Money demand under free banking: Switzerland 1851–1906," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 154(1), pages 1-8, December.
- Bagehot, Walter, 1873. "Lombard Street: A Description of the Money Market," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number bagehot1873.
- Klein, Benjamin, 1974. "The Competitive Supply of Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(4), pages 423-453, November.
- Economopoulos, Andrew J, 1988. "Illinois Free Banking Experience," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(2), pages 249-264, May.
- 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.
- Manfred Neldner, 1996. "Bankenfreiheit und Noten-Überemission MCCULLOCH, LONGFIELD, der Schweizer Franken und die "small note mania" in Schottland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 132(II), pages 177-195, June.
- Ernst Juerg Weber, 1988. "Currency Competition in Switzerland, 1826‐1850," Kyklos, Wiley Blackwell, vol. 41(3), pages 459-478, August.
- Xavier Freixas & Jean-Charles Rochet, 2008. "Microeconomics of Banking, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262062704, December.
- Arthur J. Rolnick & Warren E. Weber, 1985. "Banking instability and regulation in the U.S. free banking era," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 9(Sum).
- Rockoff, Hugh, 1974. "The Free Banking Era: A Reexamination," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(2), pages 141-167, May.
- F. Ritzmann, 1996. "Schweizerische Notenbanken im 19. Jahrhundert und Free Banking: Diskussionsbeitrag zu M. NELDNER, Bankenfreiheit und Noten-Überemission," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 132(II), pages 197-201, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Rebecca Stuart, 2022.
"160 Years of aggregate supply and demand in Switzerland,"
Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 158(1), pages 1-14, December.
- Rebecca Stuart, 2022. "160 Years of Aggregate Supply and Demand in Switzerland," IRENE Working Papers 22-01, IRENE Institute of Economic Research.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Nils Herger, 2019. "Unregulated and regulated free banking. The case of Switzerland reinterpreted," Working Papers 19.06, Swiss National Bank, Study Center Gerzensee.
- Nils Herger, 2021. "Regulated free banking in Switzerland (1881–1907)," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 157(1), pages 1-12, December.
- Gary Gorton, 1993. "Reputation Formation in Early Bank Debt Markets," NBER Working Papers 4400, National Bureau of Economic Research, Inc.
- Michael D. Bordo, 2017. "Currency competition in Switzerland," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 68(01), pages 101-108, December.
- Hugh Rockoff, 1991.
"Lessons from the American Experience with Free Banking,"
Palgrave Macmillan Books, in: Forrest Capie & Geoffrey E. Wood (ed.), Unregulated Banking, chapter 3, pages 73-129,
Palgrave Macmillan.
- Hugh Rockoff, 1989. "Lessons from the American Experience with Free Banking," NBER Historical Working Papers 0009, National Bureau of Economic Research, Inc.
- Gerald P. Dwyer & Rik Hafer, 2001. "Bank failures in banking panics: Risky banks or road kill?," FRB Atlanta Working Paper 2001-13, Federal Reserve Bank of Atlanta.
- Gersbachd, Hans, 1998. "Liquidity Creation, Efficiency, and Free Banking," Journal of Financial Intermediation, Elsevier, vol. 7(1), pages 91-118, January.
- William N. Butos, 1986. "The Knowledge Problem under Alternative Monetary Regimes," Cato Journal, Cato Journal, Cato Institute, vol. 5(3), pages 849-876, Winter.
- Eduardo A. Morón, 1992. "La demanda por múltiples monedas: un enfoque de portafolio," Apuntes. Revista de ciencias sociales, Fondo Editorial, Universidad del Pacífico, vol. 19(31), pages 19-28.
- Eugene N. White, 2011. ""To Establish a More Effective Supervision of Banking": How the Birth of the Fed Altered Bank Supervision," NBER Working Papers 16825, National Bureau of Economic Research, Inc.
- Matthew Jaremski, 2010.
"Free Bank Failures: Risky Bonds versus Undiversified Portfolios,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(8), pages 1565-1587, December.
- Matthew Jaremski, 2010. "Free Bank Failures: Risky Bonds versus Undiversified Portfolios," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(8), pages 1565-1587, December.
- Alexander Fink, 2014. "Free banking as an evolving system: The case of Switzerland reconsidered," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(1), pages 57-69, March.
- Lawrence H. White, 2022. "The private mint in economics: evidence from the American gold rushes," Economic History Review, Economic History Society, vol. 75(1), pages 3-21, February.
- Jeremy Atack & Matthew S. Jaremski & Peter L. Rousseau, 2014.
"Did Railroads Make Antebellum U.S. Banks More Sound?,"
NBER Chapters, in: Enterprising America: Businesses, Banks, and Credit Markets in Historical Perspective, pages 149-178,
National Bureau of Economic Research, Inc.
- Jeremy Atack & Matthew S. Jaremski & Peter L. Rousseau, 2014. "Did Railroads Make Antebellum U.S. Banks More Sound?," NBER Working Papers 20032, National Bureau of Economic Research, Inc.
- Gary Gorton, "undated".
"The Enforceability of Private Money Contracts, Market Efficiency, and Technological Change,"
Rodney L. White Center for Financial Research Working Papers
19-90, Wharton School Rodney L. White Center for Financial Research.
- Gary Gorton, 1991. "The Enforceability of Private Money Contracts, Market Efficiency, and Technological Change," NBER Working Papers 3645, National Bureau of Economic Research, Inc.
- Marcel Canoy & Machiel van Dijk & Jan Lemmen & Ruud de Mooij & Jürgen Weigand, 2001. "Competition and stability in banking," CPB Document 15.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
- Ricardo de O. Cavalcanti & Andres Erosa & Ted Temzelides, 1999.
"Private Money and Reserve Management in a Random-Matching Model,"
Journal of Political Economy, University of Chicago Press, vol. 107(5), pages 929-945, October.
- Cavalcanti, Ricardo & Erosa, Andres & Temzelides, Ted, "undated". "Private Money and Reserve Management in a Random Matching Model," Working Papers 97-17, University of Iowa, Department of Economics, revised Sep 1997.
- Ricardo de O. Cavalcanti & Andres Erosa & Ted Temzelides, 1999. "Private money and reserve management in a random-matching model," Discussion Paper / Institute for Empirical Macroeconomics 128, Federal Reserve Bank of Minneapolis.
- Ricardo de O. Cavalcanti & Andres Erosa, 1998. "Private Money And Reserve Management In A Random Matching Model," Macroeconomics 9802010, University Library of Munich, Germany.
- Ricardo Cavalcanti & Andres Erosa & Ted Temzelides, 1998. "Private Money and Reserve Management in a Random Matching Model," Macroeconomics 9803008, University Library of Munich, Germany.
- Ricardo de O. Cavalcanti & Andres Erosa & Ted Temzelides, 1997. "Private money and reserve management in a random matching model," Working Papers 97-24, Federal Reserve Bank of Philadelphia.
- Cavalcanti, Ricardo O. & Erosa, Andres & Temzelides, Temzelides, 1997. "Private Money and Reserve Management in a Random Matching Model," University of Western Ontario, Departmental Research Report Series 9715, University of Western Ontario, Department of Economics.
- Michael D. Bordo & David C. Wheelock, 2010.
"The promise and performance of the Federal Reserve as lender of last resort 1914-1933,"
Working Papers
2010-036, Federal Reserve Bank of St. Louis.
- Michael D. Bordo & David C. Wheelock, 2011. "The promise and performance of the Federal Reserve as Lender of Last Resort 1914-1933," Working Paper 2011/01, Norges Bank.
- Michael D. Bordo & David C. Wheelock, 2011. "The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933," NBER Working Papers 16763, National Bureau of Economic Research, Inc.
- Pierpaolo Benigno, 2023.
"Monetary Policy in a World of Cryptocurrencies,"
Journal of the European Economic Association, European Economic Association, vol. 21(4), pages 1363-1396.
- Pierpaolo Benigno, 2019. "Monetary Policy in a World of Cryptocurrencies," EIEF Working Papers Series 1905, Einaudi Institute for Economics and Finance (EIEF), revised Apr 2019.
- Pierpaolo Benigno, 2022. "Monetary Policy in a World of Cryptocurrencies," Diskussionsschriften dp2211, Universitaet Bern, Departement Volkswirtschaft.
- Benigno, Pierpaolo, 2022. "Monetary Policy in a World of Cryptocurrencies," CEPR Discussion Papers 13517, C.E.P.R. Discussion Papers.
- Matthew Jaremski, 2013.
"State Banks and the National Banking Acts: Measuring the Response to Increased Financial Regulation, 1860–1870,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(2‐3), pages 379-399, March.
- Matthew Jaremski, 2013. "State Banks and the National Banking Acts: Measuring the Response to Increased Financial Regulation, 1860-1870," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(2-3), pages 379-399, March.
More about this item
Keywords
Competitive money supply; Free banking; Note-issuing bank; Switzerland;All these keywords.
JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
- N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:exehis:v:83:y:2022:i:c:s0014498321000450. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622830 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.