It is argued that today's Canadian monetary system has certain important characteristics in common with a free banking regime such as might have evolved had matters been left to market forces, and that the Bank of Canada's recent success probably has more than a little to do with this fact...
The Wild Cat period was brief, less than a year; the number of Wild Cat banks was small, perhaps a dozen; losses to note holders due specifically to Wild Cat banking were only a fraction of prior amounts stated, about $350,000; and, there is little evidence that Wild Cat bank notes...
Free Banking and Bank Entry in Nineteenth-Century New YorkPrevious studies of entry under New York's free banking law of 1838 have generated conflicting results. This article shows that different measures of entrySocial Science Electronic Publishing...
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In the face of rising periodical and electronic data costs, free bank letters are excellent sources for statistics, analysis, and projections of regional, national, and international economic and financial conditions. Serveral private and many government-owned banks, both in the U.S. and abroad, ...
Free bank notes were demanded because they were priced to reflect the expected value of their backing. The empirical evidence supports this explanation. Specifically, in New York, Wisconsin, and Indiana the expected value of backing was sufficient for free bank notes to circulate at par, which ...
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