Are free-market fiduciary media possible? On Credit intermediation, banking, and money production in the free market
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28 janvier 2020
- handle: 10670/1.lmd6i7
- hal: hal-02458505
info:eu-repo/semantics/OpenAccess
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Kristoffer Mousten Hansen, « Are free-market fiduciary media possible? On Credit intermediation, banking, and money production in the free market », HAL-SHS : économie et finance, ID : 10670/1.lmd6i7
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Recent debates in monetary theory has centered on so-called free banking and its role in a pure market economy. In this paper we intend to tackle this question from a different angle, as we examine how and to what extend fiduciary media can emerge in a pure market economy.