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The Rationale of Central Banking: And the Free Banking Alternative
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The rationale of central banks was first published in England in 1936 as discussed by the authors and was translated into English by Wilhelm Ropke, Oskar Morgenstern, and Fritz Machlup.Abstract:
THE RATIONALE OF CENTRAL BANKING was first published in England in 1936. Vera Smith spent her professional career in a variety of research positions. She wrote articles and books on money, banking, economic development, and the labor market and translated into English books by Wilhelm Ropke, Oskar Morgenstern, and Fritz Machlup. This book provides a scholarly review and judicious assessments of the experience and theory that bear on the issues of free banking and central banking. Its wide-ranging discussion identifies both the fallacies in the arguments for central banks and the influential fallacies in the arguments against free banking. Vera Smith's work should play a prominent role in any reappraisal of our monetary institutions.read more
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DissertationDOI
O pensamento monetário de Henry Thornton em 1802 e em 1810
Torres Filho,Marcelo Rodrigues +1 more
TL;DR: In this article, the authors investigated if and in which measure this perspective is corroborated and the investigation path chosen is not merely restricted to an analytical theoretical comparison between the two views supported by the author in the corresponding years, but also placed them in their original historical and analytical context, considering the most regarded banking and monetary paradigms of Great Britain in that time.
Journal ArticleDOI
The Economists and Monetary Thought in Interwar New Zealand: The Gradual Emergence of Monetary Policy Activism
TL;DR: The authors apply a heuristic in which different monetary doctrines are situated along a continuum between extreme monetary policy "activism" and extreme "minimalism" for the interwar period.
Swedish money supply, 1620–2012
Anders Ögren,Rodney Edvinsson +1 more
TL;DR: In this paper, the authors estimate the Swedish money supply and its components for the whole period 1620-2012, and present several definitions of money supply, including M0, M1, M2 and M3.
Posted Content
Economic Rationales for Central Banking: Historical Evolution, Policy Space, Institutional Integrity, and Paradigm Challenges
TL;DR: In this paper, the very essence of central banks (the institutions) and central banking discipline (the discipline) is discussed, and the notion of Policy Space is formulated as a generalization of central bank role and responsibility.
Journal ArticleDOI
Central Banks: Reform or Abolish?
TL;DR: The authors examine why central banks emerged and what forces sustain them and conclude that plans to abolish central banks constitute an extreme reform, and it is doubtful that such plans can succeed without broader institutional change, occurring either first or simultaneously.