Quarterly Journal of Austrian Economics
From Monetary Nationalism to Monetary Imperialism: Fractional Reserve Banking and Inter-Government Cooperation
This article has a twofold purpose. Its first goal is to pay tribute to Friedrich von Hayek as an outstanding monetary theorist. Its second objective is to further elaborate, on the ground of Hayek’s main findings, the deficiencies of the contemporary monetary order, namely by presenting the phenomenon of monetary imperialism. Against this background, the article also contains a re-interpretation of present-day monetary institutions and a critique of internationally sponsored economic stabilization policies.
Cite This Article
Gertchev, Nikolay. "From Monetary Nationalism to Monetary Imperialism: Fractional Reserve Banking and Inter-Government Cooperation." The Quarterly Journal of Austrian Economics 16, No. 2 (Summer 2013): 109–134.