Monday, December 12th, 2011
The financial crisis in 2008, the uncertainty about the future of the Euro and the doubts on the efficiency of monetary policy has brought some renewed interest in the gold standard as an alternative monetary system; or, at least, as a benchmark to evaluate if central banks did actually performed be
Friday, December 2nd, 2011
The Baring Crisis of 1890 is pointed out as the first modern international emerging financial crisis. The collapse of the banking system in Argentina came very close to triggering a financial crisis in London, the major international financial center.
Sunday, November 20th, 2011
Cato’s 29th annual monetary conference gathered public policy scholars and academics to debate monetary reforms in the US and around the world. They proposed solutions and ways out of the current recession and crises by fixing the monetary policy system.
Monday, November 7th, 2011
Free Banking: Theory, History and a Laissez-Faire Model by Larry Sechrest is a magnificent work, now
Thursday, July 28th, 2011
Fractional reserves is an important component of financial stability. Most of the financial regulation is aimed to control this aspect of banking practice such that banks do not become insolvent and a contagious set of bank runs gets into the financial markets.
Thursday, June 9th, 2011
Deposit insurance, it is argued, is needed to cope with inherent fragility of banking and money market. To avoid panics, or financial crisis, a safety net on the system is required. Of course, such safety, is not free.
Tuesday, May 31st, 2011
"Free bankers have been fighting a war on two fronts. On one they face champions of central banking and managed money. On the other they struggle against advocates of 100-percent reserve banking.
Thursday, April 21st, 2011
The problem of bank runs is probably the most serious concern in monetary economics. It is clear that if all clients claim back their depositors together the bank will fail.
Thursday, March 31st, 2011
The discussion in monetary institutions is becoming increasingly relevant in economics. How to deal and avoid financial crisis is an important issue. The recent financial crisis showed that economics might not be as suited to foresee and deal with these problems as the theory seems to suggest.
Thursday, March 10th, 2011
An important aspect of the study of sound money is to correctly identify historical cases of free markets in money and banking versus regulated markets in money and banking. If we cannot correctly separate one from another then our conclusions will inevitably be biased. The period known in the U.S.
Thursday, February 10th, 2011
Tuesday, October 12th, 2010
"But if the problem isn't in the application of the system, but it is the system, then all efforts to reform practice will fail, and fail miserably. This is what we believe the logic of economic argument leads one to conclude about central banking and government monopoly over the currency.