Get Free Shipping on orders over $89
Explaining Monetary and Financial Innovation : A Historical Analysis - Peter Bernholz

Explaining Monetary and Financial Innovation

A Historical Analysis

By: Peter Bernholz (Editor), Roland Vaubel (Editor)

eText | 26 June 2014

At a Glance

eText


$239.00

or 4 interest-free payments of $59.75 with

 or 

Instant online reading in your Booktopia eTextbook Library *

Why choose an eTextbook?

Instant Access *

Purchase and read your book immediately

Read Aloud

Listen and follow along as Bookshelf reads to you

Study Tools

Built-in study tools like highlights and more

* eTextbooks are not downloadable to your eReader or an app and can be accessed via web browsers only. You must be connected to the internet and have no technical issues with your device or browser that could prevent the eTextbook from operating.

This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history - starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires - as has been suggested by David Hume in 1742.

on
Desktop
Tablet
Mobile

More in Macroeconomics

Money Meltdown - Judy Shelton

eBOOK

$20.99

A Term at the Fed : An Insider's View - Laurence H. Meyer

eBOOK

RRP $24.99

$20.01

20%
OFF
Macro : The Economic Models That Shape Our World - Greg Kaplan

eBOOK