Free Banking and Precautionary Reserves: Some Technical Quibbles

posted by
October 13, 2011
Libertarian Papers
by Dan Mahoney  
Posted in Commentary

"In this article we consider an argument put forth by Selgin (1988) in support of the claim that there exists a mechanism for limiting coordinated expansions of fiduciary media under a system of fractional reserve free banking." [abstract -- full paper available as PDF or MS Word download] (10/12/11)  

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