The Law of National Guaranteed Banks in Argentina, 18871890
Free-Banking Failure or Regulatory Failure?
By Nicolás Cachanosky
This article appeared in the Spring 2012 issue of The Independent Review
Many analysts have characterized Argentinas four years under the Law of National Guaranteed Banks as a period of free banking, which suggestsincorrectlythat the financial crisis of 1890 was a failure of free banking. In reality, that law regulated banks and encouraged them to become less solvent.
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|Other Independent Review articles by Nicolás Cachanosky|
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|Winter 2015||A Proposal of Monetary Reform for Argentina|