Private Money Creation and the Suffolk Banking System
Autor: | Bruce D. Smith, Warren E. Weber |
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Rok vydání: | 1998 |
Předmět: | |
Popis: | Recent legislation has removed U.S. legal impediments to issuing private bank notes. At the same time, improved transaction technologies have enabled banks and other entities to issue various forms of "e-cash." Consequently, developed economies may soon see the reemergence of privately issued substitutes for currency. The authors examine the potential economic consequences using the Bank of Suffolk as a model. |
Databáze: | OpenAIRE |
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