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How a Ledger Became a Central Bank: Studies in Macroeconomic History

Autor Stephen Quinn, William Roberds
en Limba Engleză Hardback – 30 noi 2023
Before the US Federal Reserve and the Bank of England, the Bank of Amsterdam ('Bank') was a dominant central bank with a global impact on money and credit. How a Ledger Became a Central Bank draws on extensive archival data and rich secondary literature, to offer a new and detailed portrait of this historically significant institution. It describes how the Bank struggled to manage its money before hitting a modern solution: fiat money in combination with a repurchase facility and discretionary open market operations. It describes techniques the Bank used to monitor and stabilize money stock, and how foreign sovereigns could exploit the liquidity of the Bank for state finance. Closing with a discussion of commonalities of the Bank of Amsterdam with later central banks, including the Federal Reserve, this book has generated a great deal of excitement among scholars of central banking and the role of money in the macroeconomy.
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Specificații

ISBN-13: 9781108484275
ISBN-10: 1108484271
Pagini: 338
Dimensiuni: 152 x 229 x 22 mm
Greutate: 0.66 kg
Editura: Cambridge University Press
Seria Studies in Macroeconomic History

Locul publicării:New York, United States

Cuprins

1. Similar yet different?; 2. The world of the bank; 3. Coins in eighteenth-century Amsterdam; 4. First steps, 1609–1659; 5. Emergence of the receipt system, 1660–1710; 6. Metal in motion: the mechanics of receipts; 7. Two banks and one money, 1711–1791; 8. Prussia's debasement during the Seven Years War: the role of the Bank; 9. The bank's place in central bank history.

Descriere

A quantitative history of the Bank of Amsterdam, a dominant central bank over much of the seventeenth and eighteenth centuries.

Notă biografică