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http://hdl.handle.net/1893/22740| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Free Banking in Scotland, 1695-1845 |
| Author(s): | Dow, Sheila Smithin, John |
| Contact Email: | s.c.dow@stir.ac.uk |
| Issue Date: | Nov-1992 |
| Date Deposited: | 18-Jan-2016 |
| Citation: | Dow S & Smithin J (1992) Free Banking in Scotland, 1695-1845. Scottish Journal of Political Economy, 39 (4), pp. 374-390. https://doi.org/10.1111/j.1467-9485.1992.tb00628.x |
| Abstract: | First paragraph: Scottish banking history has been exposed to some scrutiny of late as a result of the growing popularity of the argument in favour of free banking. Free banking can take a range of meanings: freedom of entry to banking is one example, freedom from regulation another. But here we refer to a more radical notion of free banking. This entails an unregulated banking system whose liabilities perform many functions without the backing of reserves issued by a central bank; indeed there would be no central bank, and hence no currency issued by a central bank. |
| DOI Link: | 10.1111/j.1467-9485.1992.tb00628.x |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| 1992 Dow Smithin FB in Scotland in SJPE.pdf | Fulltext - Published Version | 3.12 MB | Adobe PDF | Under Permanent Embargo Request a copy |
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