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Volume 10, Issue 2
1 February 1986
This article was originally published in
Studies in Economic Analysis
Studies in Economic Analysis Cover Image for Volume 10, Issue 2
Review Article| February 01 1986

EMERGENCY CURRENCY AND THE 1914 BANKING CRISIS: IMPLICATIONS FOR FINANCIAL DEREGULATION

DONALD R. WELLS;
DONALD R. WELLS
Economics Department, Memphis State University
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L.S. SCRUGGS
L.S. SCRUGGS
FIR Department, Memphis State University, Memphis Tennessee
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 2977-7615
Print ISSN: 0198-8263
© MCB UP Limited
1986
Studies in Economic Analysis (1986) 10 (2): 27–46.
https://doi.org/10.1108/eb028667

Professor Richard Timberlake (1984) recently suggested that the Federal Reserve System (Fed) was made unnecessary by the clearinghouse loan certificate (CLOC). This paper presents evidence that the Fed was rendered unnecessary by Aldrich‐Vreeland Act Currency (AVAC).

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© MCB UP Limited
1986
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