An economic explanation of the early Bank of Amsterdam, debasement, bills of exchange, and the emergence of the First Central Bank

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An economic explanation of the early Bank of ...
Stephen Quinn, Stephen Quinn
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Last edited by MARC Bot
December 17, 2020 | History

An economic explanation of the early Bank of Amsterdam, debasement, bills of exchange, and the emergence of the First Central Bank

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"The Bank of Amsterdam, founded in 1609, was the first public bank to offer accounts not directly convertible to coin. As such, it can be described as the first true central bank. The debut of central bank money did not result from any conscious policy decision, however, but instead arose almost by accident, in response to the chaotic monetary conditions during the early years of the Dutch Republic. This paper examines the history of this momentous development from the perspective of modern monetary theory. "--Federal Reserve Bank of Atlanta web site.

Publish Date
Language
English

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Book Details


Edition Notes

Title from PDF file as viewed on Oct. 5, 2006

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Published in
Atlanta, Ga.]
Series
Working paper series / Federal Reserve Bank of Atlanta -- 2006-13, Working paper series (Federal Reserve Bank of Atlanta : Online) -- 2006-13.

Classifications

Library of Congress
HB1

The Physical Object

Format
[electronic resource] /

ID Numbers

Open Library
OL31758803M
LCCN
2006615499

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December 17, 2020 Created by MARC Bot Imported from Library of Congress MARC record