Private Money Creation and the Suffolk Banking System

Journal of Money, Credit and Banking

Volumn 31, Issue 3, 1999, Pages 619-659

  Smith, Bruce D ^a,b   Weber, Warren E ^c,d  

^a UNIVERSITY OF TEXAS AT AUSTIN   (United States)

^b FEDERAL RESERVE BANK OF CLEVELAND   (United States)

^c FEDERAL RESERVE BANK OF MINNEAPOLIS   (United States)

^d UNIVERSITY OF MINNESOTA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 1842812722     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.2307/2601080     Document Type: Article

References (28)

1. Azariadis, Costas, and Bruce D. Smith. "Financial Intermediation and Regime Switching in Business Cycles." American Economic Review 88 (June 1998), 516-36.
2. Calomiris, Charles W., and Charles M. Kahn. "The Efficiency of Self-Regulated Payments Systems: Learning from the Suffolk System." Journal of Money, Credit, and Banking 28 (November 1996, Part 2), 766-97.
3. Champ, Bruce, Bruce D. Smith, and Stephen D. Williamson. "Currency Elasticity and Banking Panics: Theory and Evidence." Canadian Journal of Economics 29 (November 1996), 828-64.
4. Devaney, Robert L. An Introduction to Chaotic Dynamical Systems. New York: Addison-Wesley, 1989.
5. Diamond, Douglas W., and Phillip H. Dybvig. "Bank Runs, Deposit Insurance, and Liquidity." Journal of Political Economy 91 (June 1983), 401-19.
6. Friedman, Milton. A Program for Monetary Stability. New York: Fordham University Press, 1960.
7. Genay, Hesna. "The Financial Characteristics and Profitability of Banks in the Antebellum Capital Markets." Federal Reserve Bank of Chicago manuscript, 1995.
8. Gorton, Gary. "An Introduction to Van Court's Note Reporter and Counterfeit Detector." Wharton School, University of Pennsylvania manuscript, 1989.
9. Hayek, Friedrich A. The Denationalization of Money. London: Institute of Economic Affairs, 1976.
10. Homer, Sidney, and Richard Sylla. A History of Interest Rates. New Brunswick: Rutgers University Press, 1991.
11. Lake, Wilfred S. "The End of the Suffolk System." Journal of Economic History 7 (November 1947), 183-207.
12. Mints, Lloyd W. A History of Banking Theory in Great Britain and the United States. Chicago: University of Chicago Press, 1945.
13. Mullineaux, Donald J. "Competitive Monies and the Suffolk Bank System: A Contractual Perspective." Southern Economic Journal 53 (April 1987), 884-98.
14. Redlich, Fritz. The Molding of American Banking: Men and Ideas. New York: Hafner, 1947.
15. Rockoff, Hugh. The Free Banking Era: A Re-Examination. New York: Arno, 1975.
16. Rolnick, Arthur J., Bruce D. Smith, and Warren E. Weber. "Lessons from a Laissez-Faire Payments System: The Suffolk Banking System (1825-58)." Federal Reserve Bank of St. Louis Review (May/June 1998), 105-16. Reprinted in Federal Reserve Bank of Minneapolis Quarterly Review (Summer 1998, pp. 11-21).
17. Rolnick, Arthur J., Bruce D. Smith, and Warren E. Weber. "Lessons from a Laissez-Faire Payments System: The Suffolk Banking System (1825-58)." Federal Reserve Bank of St. Louis Review (May/June 1998), 105-16. Reprinted in Federal Reserve Bank of Minneapolis Quarterly Review (Summer 1998, pp. 11-21).
18. Rolnick, Arthur J., and Warren E. Weber. "New Evidence on the Free Banking Era." American Economic Review 73 (December 1983), 1080-91.
19. _. "The Causes of Free Bank Failures: A Detailed Examination." Journal of Monetary Economics 14 (November 1984), 267-91.
20. _. "Explaining the Demand for Free Bank Notes." Journal of Monetary Economics 21 (January 1988), 47-71.
21. Sargent, Thomas J., and Neil Wallace. "A Model of Commodity Money." Journal of Monetary Economics 12 (July 1983), 163-87.
22. Schreft, Stacey L., and Bruce D. Smith. "Money, Banking, and Capital Formation." Journal of Economic Theory 73 (March 1997), 157-82.
23. _. "The Effects of Open Market Operations in a Model of Intermediation and Growth." Review of Economic Studies 65 (July 1998), 519-50.
24. Smith, Bruce D., and Warren E. Weber. "Private Money Creation and the Suffolk Banking System." Federal Reserve Bank of Cleveland manuscript, 1998.
25. Temin, Peter. The Jacksonian Economy. New York: Norton, 1969.
26. Townsend, Robert M. "Economic Organization with Limited Communication." American Economic Review 77 (December 1987), 954-71.
27. Wallace, Neil. "Another Attempt to Explain an Illiquid Banking System: The Diamond and Dybvig Model with Sequential Service Taken Seriously." Federal Reserve Bank of Minneapolis Quarterly Review (Fall 1988), 3-16.
28. Whitney, D. R. The Suffolk Bank. Cambridge, Mass.: Riverside Press, 1878.