Friedrich Hayek on Monetary and Banking Systems Reform

15 Pages Posted: 11 Mar 2013

Date Written: January 13, 2013

Abstract

Throughout his life, Friedrich Hayek worked towards prescribing a monetary policy under which the world economy would again enjoy the stability it had known under the classical international gold standard system. This paper outlines three banking and monetary systems that were pivotal in the history of banking and closely scrutinized by Hayek. This paper outlines those systems, summarizes Hayek’s comments on each and then discusses the recent literature on the subject in light of Hayek’s influence.

Keywords: Friedrich Hayek, Monetary Policy, Gold Standard, Monetary Reform

JEL Classification: B53, E42, E58

Suggested Citation

Ravier, Adrian O., Friedrich Hayek on Monetary and Banking Systems Reform (January 13, 2013). Available at SSRN: https://ssrn.com/abstract=2230498 or http://dx.doi.org/10.2139/ssrn.2230498

Adrian O. Ravier (Contact Author)

Universidad Francisco Marroquín ( email )

Escuela de Negocios
Calle Manuel F. Ayau (6 Calle final), zona 10
Guatemala, 01010
Guatemala

HOME PAGE: http://www.adrianravier.com

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