Creator

• Rolnick, Arthur J., 1944-
• Weber, Warren E.

Series

• Staff report (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• 080

Date created

• 1982-05

Abstract

• 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.

Related information

• Published in: The American Economic Review (Vol. 73, No. 5, December 1983, pp. 1080-1091)

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Research Paper

DOI

•  https://doi.org/10.21034/sr.80

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

In Collection:

• Staff Reports

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