Skip to content

Alt-M

Ideas for an Alternative Monetary Future

Alt-M

Ideas for an Alternative Monetary Future

  • Home
  • Contributors
    • George Selgin
    • Larry White
    • James Dorn
    • Jennifer Schulp
    • Norbert Michel
  • Primer
  • Working Paper Series

clearinghouse

Canadian Banking System, clearinghouses, Glass-Steagall, Unit Banking, intragroup funding
Banking Regulation, Financial Markets, Free Banking

Intragroup Funding: Don’t Build the Wall

Julien Noizet/April 28, 2017June 19, 2022 /1 Comment

Three years ago, I wrote about the importance of intragroup funding, liquidity, and capital flows within a banking group composed of multiple entities , as is common nowadays. In short, I suggested that, based on the evidence, intragroup funding — or “internal capital markets,” as some academics refer to…

Continue reading
Continental Illinois, Gary Gorton, lender of last resort, Too Big To Fail, Walter Bagehot
Economic History, Free Banking, The Fed & Central Banks

Were Banks "Too Big to Fail" Before the Fed?

George Selgin/March 22, 2016June 19, 2022 /6 Comments

According to Gary Gorton and Ellis W. Tallman, in their  recently released NBER Working Paper, some were. For several decades prior to the Fed's establishment, Gorton and Tallman note, "private bank clearinghouses provided lending facilities and assisted member banks when they needed help."  The pattern of such…

Continue reading

Follow

Print

Subscribe


Contributors

  • George Selgin
  • Chuck Moulton
  • Bradley Jansen
  • Larry White
  • Hu McCulloch
  • James Dorn
  • Diego Zuluaga
  • Nicholas Anthony
  • Jennifer Schulp
  • Working Paper Series
  • Norbert Michel

Categories

  • Banking Regulation (119)
  • Booms & Busts (50)
  • Commodity Money (78)
  • Currency Boards (19)
  • Digital Money (98)
  • Economic History (198)
  • Economic Thought (164)
  • Events (59)
  • Fiat Money (80)
  • Financial Innovation (50)
  • Financial Markets (138)
  • Free Banking (210)
  • Inflation & Deflation (83)
  • Legal Analysis (2)
  • Monetary Policy Primer (12)
  • Money & Politics (325)
  • News (248)
  • Recommended Reading (99)
  • Securities Regulation (7)
  • The Fed & Central Banks (378)
  • Uncategorized (11)
  • Working Papers (7)

Recent Posts

  • The Menace of Fiscal Inflation
  • Monetary Progress
  • Paul Krugman and the "Ersatz" Theory of Private Currencies
  • The New Deal and Recovery, Part 18: The Recovery So Far
  • Should the Fed Devalue Our Currency to Implement Negative Interest Rates?
  • Populism and the Future of the Fed: A New Book from Cato’s Center for Monetary and Financial Alternatives
  • Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007)

Recent Comments

  • brian_in_arizona on The Menace of Fiscal Inflation
  • Selgin on Paul Krugman and the "Ersatz" Theory of Private Currencies
  • Brutus admirer on Monetary Progress
  • Brutus admirer on The Menace of Fiscal Inflation
  • Max Hydrogen on The Menace of Fiscal Inflation

About Us

Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

Sponsors

Liberty and Privacy Network
This work by the Cato Institute and the Liberty and Privacy Network is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
DMCA | Privacy Policy
top