Do We Really Need Central Banks?

3 Pages Posted: 8 Oct 2009

See all articles by Roland Vaubel

Roland Vaubel

University of Mannheim - School of Economics (VWL)

Abstract

An analysis of economic theory and economic history suggests that central banks, with a monopoly of money-issuing services, are not necessary. The often-levelled arguments against private banks issuing money in competition with each other and with central banks do not stand up to close scrutiny.

Suggested Citation

Vaubel, Roland, Do We Really Need Central Banks?. Economic Affairs, Vol. 29, No. 3, pp. 6-8, September 2009, Available at SSRN: https://ssrn.com/abstract=1484144 or http://dx.doi.org/10.1111/j.1468-0270.2009.01911.x

Roland Vaubel (Contact Author)

University of Mannheim - School of Economics (VWL) ( email )

Mannheim 68131
Germany

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