Illinois Free Banking Experience
重新审视伊利诺伊州自由银行时期的野猫银行现象,发现传统描述被夸大,而Rolnick和Weber关于限制而非缺乏监管导致问题的观点得到证实。
Recent studies by A. J. Rolnick and W. E. Weber (1983, 1984) suggest that the conventional view of wildcat banking during the free banking era misrepresents the actual experience, and that the problems of th e period were linked to a restriction imposed on the free bank rather than the lack of regulation. Illinois' free banking experience is re examined to see if the traditional account of wildcat banking accurat ely portrays the actual experience and to test the validity of the Ro lnick and Weber assertions. The Illinois evidence shows that the trad itional accounts of wildcat banking were exaggerated and that the Rol nick and Weber assertions are substantiated. Copyright 1988 by Ohio State University Press.