English, Article, Journal or magazine article edition: The Big Problem of Large Bills: The Bank of Amsterdam and the Origins of Central Banking Stephen Quinn; William Roberds

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Bookmark: http://trove.nla.gov.au/version/56668
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The big problem of large bills: the Bank of Amsterdam and the origins of central banking
Author
  • Stephen Quinn
  • William Roberds
Physical Description
  • preprint
Notes
  • Central banking, commodity money, debasement
  • RePEc:red:sed005:318
  • 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.
  • RePEc:fip:fedawp:2005-16
Language
  • English
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