The free banking era
Subtitle: new evidence on laissez-faire banking
By: Arthur J. Rolnick and Warren E. Weber.
Series: Federal Reserve Bank of Minneapolis, Research Department staff report -- 80; Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) -- 80.
Publisher: Federal Reserve Bank of Minneapolis
Published: 1982
Place of publication: [Minneapolis, Minn.]
Language: eng
Format: Electronic resource
Subjects: Free banking -- United States -- History -- 19th century.
Description: "The purpose of this paper is to begin a reevaluation of the Free Banking Era by developing and examining individual bank information on the population of banks which existed under the free banking laws in four states. This information allows us to determine the number of free banks which failed and to estimate the resulting losses to their note holders. While the new evidence suggests there were problems with free banking, it presents a serious challenge to the prevailing view that free banking led to financial chaos"--Federal Reserve Bank of Minneapolis web site.
Notes: Title from PDF file as viewed on 10/19/2007.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.