IDEAS home Printed from https://ideas.repec.org/a/kap/revaec/v29y2016i1p15-32.html
   My bibliography  Save this article

The robust political economy of central banking and free banking

Author

Listed:
  • Pablo Paniagua

Abstract

This paper uses robust political economy to assess whether free banking or central banking can better use its institutional structures to minimize macroeconomic disequilibrium. Robust frameworks leverage their incentives, reward structures, and epistemic resources to achieve monetary policy objectives. We relax the assumptions of political pressure, self-interest, and the degree of decision makers’ knowledge to see which arrangements are more robust. Copyright Springer Science+Business Media New York 2016

Suggested Citation

  • Pablo Paniagua, 2016. "The robust political economy of central banking and free banking," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 29(1), pages 15-32, March.
    • Handle: RePEc:kap:revaec:v:29:y:2016:i:1:p:15-32
    DOI: 10.1007/s11138-015-0315-y
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11138-015-0315-y
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11138-015-0315-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Van Den Hauwe, Ludwig, 2017. "Monetary Constitutionalism: Some Recent Developments," MPRA Paper 83052, University Library of Munich, Germany.
    2. Pablo Paniagua, 2023. "Money and the rule of Law," Constitutional Political Economy, Springer, vol. 34(2), pages 260-266, June.
    3. Florian Peters & Doris Neuberger & Oliver Reinhardt & Adelinde Uhrmacher, 2022. "A basic macroeconomic agent-based model for analyzing monetary regime shifts," Papers 2205.00752, arXiv.org.
    4. David S. Lucas, 2017. "Federal homelessness policy: A robust political economy approach," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(3), pages 277-303, September.
    5. Cachanosky, Nicolás & Salter, Alexander W. & Savanti, Ignacio, 2022. "Can dollarization constrain a populist leader? The case of Rafael Correa in Ecuador," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 430-442.
    6. Glenn L. Furton & Alexander William Salter, 2017. "Money and the rule of law," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(4), pages 517-532, December.
    7. Paul Lewis & Richard E. Wagner, 2017. "New Austrian macro theory: A call for inquiry," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(1), pages 1-18, March.

    Corrections

    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:kap:revaec:v:29:y:2016:i:1:p:15-32. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.