[PDF] The History Of Money And Monetary Arrangements eBook

Author : Thomas Marmefelt
Publisher : Routledge
Page : 204 pages
File Size : 31,62 MB
Release : 2018-08-30
Category : Business & Economics
ISBN : 113672818X

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Today, most money is credit money, created by commercial banks. While credit can finance innovation, excessive credit can lead to boom/bust cycles, such as the recent financial crisis. This highlights how the organization of our monetary system is crucial to stability. One way to achieve this is by separating the unit of account from the medium of exchange and in pre-modern Europe, such a separation existed. This new volume examines this idea of monetary separation and this history of monetary arrangements in the North and Baltic Seas region, from the Hanseatic League onwards. This book provides a theoretical analysis of four historical cases in the Baltic and North Seas region, with a view to examining evolution of monetary arrangements from a new monetary economics perspective. Since the objective exhange value of money (its purchasing power), reflects subjective individual valuations of commodities, the author assesses these historical cases by means of exchange rates. Using theories from new monetary economics , the book explores how the units of account and their media of exchange evolved as social conventions, and offers new insight into the separation between the two. Through this exploration, it puts forward that money is a social institution, a clearing device for the settlement of accounts, and so the value of money, or a separate unit of account, ultimately results from the size of its network of users. The History of Money and Monetary Arrangements offers a highly original new insight into monetary arrangments as an evolutionary process. It will be of great interest to an international audience of scholars and students, including those with an interest in economic history, evolutionary economics and new monetary economics.

Author : Jack Weatherford
Publisher : Currency
Page : 305 pages
File Size : 22,9 MB
Release : 1998-03-10
Category : Business & Economics
ISBN : 0609801724

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“If you’re interested in the revolutionary transformation of the meaning and use of money, this is the book to read!”—Charles R. Schwab Cultural anthropologist Jack Weatherford traces our relationship with money, from primitive man’s cowrie shells to the electronic cash card, from the markets of Timbuktu to the New York Stock Exchange. The History of Money explores how money and the myriad forms of exchange have affected humanity, and how they will continue to shape all aspects of our lives—economic, political, and personal. “A fascinating book about the force that makes the world go round—the dollars, pounds, francs, marks, bahts, ringits, kwansas, levs, biplwelles, yuans, quetzales, pa’angas, ngultrums, ouguiyas, and other 200-odd brand names that collectively make up the mysterious thing we call money.”—Los Angeles Times

Author : Anna J. Schwartz
Publisher : University of Chicago Press
Page : 461 pages
File Size : 46,48 MB
Release : 2009-02-15
Category : Business & Economics
ISBN : 0226742296

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Modern monetary economics has been significantly influenced by the knowledge and insight brought to the field by the work of Anna J. Schwartz, an economist whose career has spanned almost half a century. Her contributions evidence a broad expertise in international history and policy, and an ability to apply the results of her careful historical research to current issues and debates. Money in Historical Perspective is a collection of sixteen of her papers selected by Michael D. Bordo and Milton Friedman. Grouped into three sections, the essays constitute a number of Dr. Schwartz's most cited articles on the subject of monetary economics, many of which are no longer readily accessible. In the papers in part I, dating from 1947 to the present, Dr. Schwartz examines money and banking in the United States and the United Kingdom from a historical perspective. Her investigation of the historical evidence linking economic instability to erratic monetary behavior—this behavior itself a product of discretionary monetary policy—has led her to argue for the importance of stable money, and her writings on these issues over the last two decades form part II. The volume concludes with four recent articles on international monetary arrangements, including Dr. Schwartz's well-known work on the gold standard. This volume of classic essays by Anna Schwartz will be a useful addition to the libraries of scholars and students for its exemplary historical research and commentary on monetary systems.

Author : Alexander Del Mar
Publisher : The Minerva Group, Inc.
Page : 448 pages
File Size : 33,48 MB
Release : 2000-04
Category : Money
ISBN : 0898750628

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This book covers the history of money and finance. It is the result of fifteen years of research by the author, Alexander Del Mar, in great libraries and coin collections of Europe. He traced the historical development in all ages of which any coinage or other numismatic remains exist. He reveals in the great states of antiquity that money was a pillar of the constitution, its usage, its meaning in different countries at different times and how private coinage originated. It describes it's physical component and the discussion about its value, whether the value of money constitutes the metal or paper from which it is made or its numerical relation, and what governmental body should control this.

Author : Vincent Lannoye
Publisher : Vincent Lannoye
Page : 491 pages
File Size : 16,47 MB
Release : 2023-05-19
Category : Business & Economics
ISBN : 1507845901

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Economics, cornerstone of politics Examining politics demands understanding of economics, as the economy always influences and constrains governmental decision-making. And, money is the key to learning economics. If the monetary system is well understood, it will clarify seemingly impenetrable economic events. The History of Money for Understanding Economics is an indispensable reference to decrypt economics, and it does so in an enthralling way, from antiquity to the present day, with readily accessible language. This book answers the following questions: How did money appear? What precisely is a bank? After circulating for centuries, why did gold coins vanish? Is there anything behind the value of paper banknotes? What is inflation? What is the IMF? Is the US trade deficit sustainable? A monetary solution, rather than a political one This book joins other groundbreaking interpretations of history that have underscored the influence of the management of money. It explains how monetary changes have precipitated events from the fall of the Roman Empire to World War II and beyond. Given the historical significance of monetary changes, could a monetary breakthrough shake up the exasperating inequalities? Indeed, Lannoye challenges the reader with a monetary innovation to finance a parallel (and green!) economy which could foster a more equitable distribution of wealth.

Author : Stefano Battilossi
Publisher : Springer
Page : 1094 pages
File Size : 34,90 MB
Release : 2020-03-14
Category : Business & Economics
ISBN : 9789811305979

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This handbook provides a comprehensive overview of state-of-the-art research in the field of monetary and financial history. The authors comprise different generations of leading scholars from universities worldwide. Thanks to its unrivaled breadth both in time (from antiquity to the present) and geographical coverage (from Europe to the Americas and Asia), the volume is set to become a key reference for historians, economists, and social scientists with an interest in the subject. The handbook reflects the existing variety of scholarly approaches in the field, from theoretically driven macroeconomic history to the political economy of monetary institutions and the historical evolution of monetary policies. Its thematic sections cover a wide range of topics, including the historical origins of money; money, coinage, and the state; trade, money markets, and international currencies; money and metals; monetary experiments; Asian monetary systems; exchange rate regimes; monetary integration; central banking and monetary policy; and aggregate price shocks.

Author : John F. Chown
Publisher : Psychology Press
Page : 322 pages
File Size : 48,32 MB
Release : 1994
Category : Credit
ISBN : 0415102790

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Introduces monetary history: money as coin, the development of credit and banking, and inconvertible paper money.

Author : Glyn Davies
Publisher : University of Wales Press
Page : 739 pages
File Size : 38,8 MB
Release : 2010-09-01
Category : Business & Economics
ISBN : 0708323790

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This is a straight-forward, readable account, written with the minimum of jargon, of the central importance of money in the ordinary business of the life of different people throughout the ages from ancient times to the present day. It includes the Barings crisis and the report by the Bank of England on Barings Bank; up-to-date information on the state of Japanese banking and the changes in the financial scene in the US. It also touches on the US housing market and the problem of negative equity. The paradox of why more coins than ever before are required in an increasingly cashless society is clearly explained, as is the role of the Euro coin as the lowest common denominator in Europe's controversial single currency system. The final section provides evidence to suggest that for most of the world's richer countries the era of persistent inflation may well be at an end. This new edition is updated and takes account of important recent developments such as the independence of the Bank of England, the introduction of Euro notes and coins from 1st of January 2002 and developments in electronic money.

Author : Glyn Davies
Publisher : University of Wales Press
Page : 1308 pages
File Size : 40,28 MB
Release : 2016-05-15
Category : Business & Economics
ISBN : 1783163119

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A History of Money looks at how money as we know it developed through time. Starting with the barter system, the basic function of exchanging goods evolved into a monetary system based on coins made up of precious metals and, from the 1500s onwards, financial systems were established through which money became intertwined with commerce and trade, to settle by the mid-1800s into a stable system based upon Gold. This book presents its closing argument that, since the collapse of the Gold Standard, the global monetary system has undergone constant crisis and evolution continuing into the present day.