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The option clause in free-banking theory and history: A reappraisal

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Authors
  1. Parth J. Shah
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Additional information

Parth J. Shah is assistant professor of economics at the University of Michigan, Dearborn. I would like to thank the students of my monetary theory class for their insightful questions about the workings of the option clause. They were the inspiration for this paper. Detailed comments on an earlier draft by George Selgin are gratefully acknowledged. Leland Yeager helped make the paper more readable. All remaining errors of substance and style are my own doing.

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Shah, P.J. The option clause in free-banking theory and history: A reappraisal. Rev Austrian Econ 10, 1–25 (1997). https://doi.org/10.1007/BF02538482

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