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Interview with Lawrence White by Luis Figueroa
Cambiar vista de pantalla: Lawrence H. White June 23, 2009 | Universidad Francisco Marroquín | Duración:..
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Lawrence H. White answers questions regarding a free banking system in modern society. He explains how it would bring prosperity to the financial system and comments on the respective obligations of bankers and depositors. He comments on the drawbacks of central banking and government efforts to control the financial system. He also talks about the implications of a 100 percent reserve system. Finally, White shares his views on the future of banking under government restrictions and the impact this would have on economic growth.
Créditos
Interview with Lawrence H. White by Luis Figueroa
Lawrence H. White
Business School Building, EN-605
Universidad Francisco Marroquín
Guatemala, June 23, 2009
A New Media - UFM production. Guatemala, June 2009
Camera: Jorge Samayoa, Mario Estrada; digital editing: Claudia Obregón; index and synopsis: Sergio Bustamante; content revisers: Daphne Ortiz, Jennifer Keller; publication: Mario Pivaral/Carlos Petz
 This work is licensed under a Creative Commons 3.0 License
Este trabajo ha sido registrado con una licencia Creative Commons 3.0
Lawrence H. White is an expert in banking and monetary policy. He is professor of economics at George Mason University and the F. A. Hayek Professor of Economic History in the department of economics at University of Missouri – St. Louis. His teaching and research areas include economic history, monetary theory, money and banking, and history of economic thought. White holds a PhD and a MA in economics from University of California at Los Angeles; he also received his AB in the same area from Harvard University. He is visiting professor and holds an honorary doctorate degree in social sciences from Universidad Francisco Marroquín.
Source: www.umsl.edu
Last update: 30/11/2011
  Content
 | Initial credits |
| Introduction |
| People blame bankers and the financial system for the crisis. Will free banking unleash the beast? |
| Bankers would then be responsible. |
| What is the responsibility of the depositor? |
| What if central banks worked? Why free banking and not central banks? |
| Free banking worked in the nineteenth century. What caused the shift to central banks? |
| Do governments have incentives to control the financial system? |
| What do you think about a 100 percent reserve system? |
| Does a 100 percent reserve system apply to any kind of deposits? |
| What is a bank? |
| Will banking activities change in the future? |
| Will less financial innovation affect production? |
| Final words |
| Final credits |
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