Portfolio Management of the Free Banks of Illinois: An Examination of Historical Allegations

Tags: Money and Banking, Money and Banks, U.S. History

07/20/2005 Review of Austrian Economics Salim Rashid

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The literature on free banking has sharply altered its focus in the last two decades. While the alleged failures of free banking have been closely analyzed and shown to have been greatly exaggerated, the link to fractional-reserve banking has been missed in the literature so far.

Volume 9, Number 1 (1996)

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Rashid, Salim. “Portfolio Management of the Free Banks of Illinois: An Examination of Historical Allegations.” Review of Austrian Economics 9, No. 1 (1996): 55–76.

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