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The debate on the evolution of the payment system between free-banking and central banking

Listed author(s):
  • Stefano Figuera

    ()

    (Università di Catania. Dipartimento di Giurispruden)

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    The article focuses on some aspects of the debate over the evolution of the payment system. The work examines in depth the theoretical streams of two groups: the scholars maintaining the need to establish a regime of free-banking against those who consider the role of the central bank untouchable. A clearer idea of the effective magnitude of the evolution of the payment system may be obtained by shifting the focus from the model of an exchange economy to that of a monetary production economy, upheld by scholars whose position is similar to that of a number of heterodox economists, as well as of Keynes.

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    Article provided by Fabrizio Serra Editore, Pisa - Roma in its journal History of Economic Ideas.

    Volume (Year): 21 (2013)
    Issue (Month): 1 ()
    Pages: 117-137

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    Handle: RePEc:hid:journl:v:21:y:2013:1:5:p:117-37
    Contact details of provider: Web page: http://www.libraweb.net

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