12. The free banking system is used as an ex ample of why banking needs to be...
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12. The free banking system is used as an ex¬ ample of why banking needs to be regu¬ lated. What were the problems with the free banking system? What is the evi¬ dence that insufficient regulation caused those problems? Can one argue that the problem was inappropriate regulation rather than too little or too much regu¬ lation?
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Related Book For 
Money Banking And Financial Markets An Economic Approach
ISBN: 9780395643952
1st Edition
Authors: Michael R. Baye, Dennis Jansen
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