The big problem of large bills: The Bank of Amsterdam and the origins of central banking

This paper outlines a model of the first true central bank, the Bank of Amsterdam, founded in 1609. Employing a variant of the Freeman (1996) model of money and payments, we first analyze the problematic monetary situation in the Netherlands prior to the founding of the Bank. We then use the model to describe how the Bank could remedy this situation by creating a stable medium for the settlement of commercial obligations.

MoreLess

Year of publication:	2005
Authors:	Quinn, Stephen ; Roberds, William
Publisher:	Atlanta, GA : Federal Reserve Bank of Atlanta
Subject:	Zentralbank \| Geldgeschichte \| Geldtheorie \| Niederlande \| money \| central banks \| coinage \| debasement

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	Working Paper ; 2005-16
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	504808494 [GVK] hdl:10419/101021 [Handle] RePEc:fip:fedawp:2005-16 [RePEc]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; N13 - Europe: Pre-1913
Source:	EconStor

Persistent link: https://www.econbiz.de/10010397692