亚当-史密斯与银行家回顾与展望

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2024-01-03 DOI:10.1017/nie.2023.24

Alfred Duncan, Charles Nolan

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引用次数: 0

摘要

亚当-斯密提倡自由银行--私有的、竞争性的、可兑换的纸币。他也支持限制银行。我们研究了斯密的观点及其发展的时代，认为他的 "监管 "是对银行对储户风险的一种支持，但主要是货币稳定。用现代术语来说，斯密与弗里德曼和美国联邦存款保险公司的施瓦茨一样，支持通过宏观审慎监管来巩固货币稳定。我们讨论了斯密对银行业的愿景未能实现的原因。银行监管变成了微观审慎监管，并在 2008/2009 年搁浅。现在，宏观审慎监管的重要性为调整监管方向以支持货币稳定提供了机会。早期迹象并不乐观。

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ADAM SMITH AND THE BANKERS: RETROSPECT AND PROSPECT

Adam Smith promoted free banking—private, competitive, convertible banknotes. He also supported restrictions on banks. We study Smith’s views and the era in which they developed, suggesting his ‘regulations’ were a backstop against banks’ risks to depositors but primarily monetary stability. In modern parlance, Smith supported macroprudential regulations to underpin monetary stability, as did Friedman and Schwartz the US FDIC. We discuss why Smith’s vision for banking went unrealised. Bank regulation became microprudential and ran aground in 2008/2009. The prominence of macroprudential regulation now provides a chance to reorientate regulation to support monetary stability. Early signs are not promising.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.