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Money and Promises: Seven Deals that Changed the World

Autor Paolo Zannoni
en Limba Engleză Paperback – 11 mar 2027
In the twelfth century, Pisa was a powerhouse of global trade, a city that stood at the centre of Medieval Europe. But Pisa had a problem. It was running out of coins. In the face of a looming financial crisis, the city's rulers and its moneylenders forged a deal that laid the foundations of the modern state and of present-day banking.

In Money and Promises, the distinguished banker and scholar Paolo Zannoni examines the extraordinary relationship between states and banks. He draws upon seven case studies: the republic of twelfth-century Pisa, seventeenth-century Venice, the early years of the Bank of England, Imperial Spain, the Kingdom of Naples, the nascent USA during the American Revolution, and Bolshevik Russia in 1917-21. Spanning a multitude of countries, political systems and historical eras, Zannoni shows that at the heart of our institutions lies an intricate exchange of debt and promises that has shaped the modern world.

Featuring pioneering research and original insights, this authoritative book explores the vital relationship upon which our financial and political systems still depend.
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Specificații

ISBN-13: 9781804542811
ISBN-10: 1804542814
Pagini: 304
Dimensiuni: 129 x 198 mm
Editura: Bloomsbury Publishing
Colecția Apollo
Locul publicării:London, United Kingdom

Recenzii

A most enjoyable journey through what is impressive research in the history of interactions between public and private debt. Paolo Zannoni, an experienced banker learned in political science, gives us a vivid account of how states interact with banks, and how this interaction, notwithstanding different social organizations, political systems and even historical times, always lies at the heart of a society and shapes its destiny.
In his day job as Goldman Sachs Partner, Paolo used the tools of modern finance to transform companies and industries. But with his love of history and scholarly curiosity, he has researched the origins of some of these tools, which often were created to meet a specific opportunity or crisis in the long-forgotten past. His account of these situations, and the development of instruments that met the moment, is highly informative and readable.
This book distinguishes itself from other works on banking history by offering a deliberate, well-chosen journey through centuries and across various regions. It presents an insightful and thorough exploration, grounded in original research, of the unique and multifaceted relationship between banks and their respective states. The narrative is accessible and meticulously detailed, providing readers with a clear understanding of this pivotal aspect of financial history that is as relevant today as ever.
What is money? In this extensively researched and highly readable book, Paolo Zannoni answers this perennial question by analysing seven different historical episodes in which money and banks co-evolved. The theme throughout is the role of money as evidence of debt and the consequent role of the State in supporting monetary stability. This book will help every reader understand the monetary environment of today, and tomorrow.
Few people are as qualified as Paolo Zannoni to write about the intersection of banking and politics. In this accessible but thoroughly researched book, he reveals seven pivotal moments in history that shaped our modern world. From Venetian lenders to Bolshevik bankers, these riveting stories will leave readers shocked by how old today's "new" ideas are.
Through rich storytelling, Zannoni sheds new light on the complete interdependence of banks and states under the guise of debt issuance. The result is a thoroughly enjoyable and readable book about the 500-year history of worldwide banking.
Paolo Zannoni unfolds the logic of money from medieval to modern times. Money and Promises is a deep, fascinating dive into the mechanisms of central banks and how nations depend on them . . . A masterful account of how money as we know it evolved from national debts, and how this financial innovation empowered city-states, and new nations.
This is a beautiful, well-illustrated book that is far from a coffee-table ornament. The study and learning is serious, the tone is light but the academic rigour is clear ... any reader interested in the curious origins of money and why finance and banks matter for economies will find this an enlightening and enjoyable book.
In this wonderful book, Zannoni, a former banker, using original research, explains how [the development of bank-based monetary systems] evolved from 12th-century Pisa to the 20th century, bringing with them both convenience and crises.
Present[s] richly illustrated vignettes.. an amiable mix of scholarship and jaunty financial history.