The Humean and Smithian traditions in monetary theory
This chapter discusses four areas of monetary theory on which the ideas of Smith and Hume have left their imprint: (1) the overissue of bank liabilities, (2) the price-specie-flow mechanism (PSFM), (3) the need for a lender of last resort in a competitive banking system, (4) real-bills doctrine and...
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Veröffentlicht in: | Glasner, David Studies in the history of monetary theory |
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Format: | UnknownFormat |
Sprache: | eng |
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2021
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