March, 1995

National Bank Notes as a Quasi-High-Powered Money

  • Lawrence H. White

    Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics
  • George A. Selgin

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"National Bank Notes as a Quasi-High-Powered Money" is a chapter in the book Money and Banking: The American Experience, edited by the George Edward Durell Foundation.