Many analysts have characterized Argentina’s four years under the Law of National Guaranteed Banks as a period of “free banking,” which suggests—incorrectly—that 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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Nicolás Cachanosky is associate professor in the Department of Economics at Metropolitan State University of Denver.
Banking and FinanceDefense and Foreign PolicyEconomic History and DevelopmentEconomyFiscal Policy/DebtFree Market EconomicsGovernment and PoliticsInternational Economics and DevelopmentLatin AmericaPublic ChoiceTaxes
| Other Independent Review articles by Nicolás Cachanosky | ||
| Summer 2022 | Monetary Disorder in Buenos Aires Province, 1822–1881 | |
| Fall 2019 | Latin American Populism in the Twenty-First Century | |
| Winter 2017/18 | Money: Free and Unfree | |
| [View All (5)] | ||
