El volumen 16, número 4 (Primavera 2012), de The Independent Review ya se encuentra disponible online. En esta ocasión con un artículo de Nicolás Cachanosky sobre la Ley Nacional de Bancos Garantidos en Argentina entre 1887-1890: ¿Falla de la banca libre o del sistema de regulaciones?

The Law of National Guaranteed Banks in Argentina, 1887–1890: Free-Banking Failure or Regulatory Failure?

Abstract

Many analysts have characterized Argentina’s four years under the Law of National Guaranteed Banks as a period of “free banking,” which suggests—incorrectly—that the financial crisis of 1890 was a failure of free banking. In reality, that law regulated banks and encouraged them to become less solvent.

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