Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Early Public Banks
William Roberds (au); Francois R. Velde (au)
Publicly owned or commissioned banks were common in Europe from the 15th century. This study argues that while the early public banks were characterized by great experimentation in their design, a common goal was to create a liquid and reliable monetary asset in environments where such assets were rare or unavailable. The success of these banks was, however, never guaranteed, and even well-run banks could become unstable over time as their success made them susceptible to fiscal exploitation. The popularization of bearer notes in the 18th century broadened the user base for the public banksäó» money but was also accompanied by increased fiscal abuse. Wartime demands of the Napoleonic Era resulted in the reorganization or dissolution of many early public banks. A prominent exception was the Bank of England, whose adept management of a fiscally backed money provided a foundation for the development of central banks as they exist today. Figures. This is a print on demand report.
Language Imperative: How Learning Languages Can Enrich Your Life & Expand Your Mind
We the People: Voices & Images of the New Nation
Small Sects in America (rev. ed.)
Fabric of the Future: Women Visionaries Illuminate the Path to Tomorrow
Peter Pan: The Original Tale of Neverland
Sale Price: $13.00
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.