The history of money and monetary arrangements : insights from the Baltic and North Seas Region
著者
書誌事項
The history of money and monetary arrangements : insights from the Baltic and North Seas Region
(Routledge studies in the history of economics)
Routledge, 2020, c2019
- : pbk
大学図書館所蔵 全1件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Includes bibliographical references and index
内容説明・目次
内容説明
Today, most money is credit money, created by commercial banks. While credit can finance innovation, excessive credit can lead to boom/bust cycles, such as the recent financial crisis. This highlights how the organization of our monetary system is crucial to stability. One way to achieve this is by separating the unit of account from the medium of exchange and in pre-modern Europe, such a separation existed. This new volume examines this idea of monetary separation and this history of monetary arrangements in the North and Baltic Seas region, from the Hanseatic League onwards.
This book provides a theoretical analysis of four historical cases in the Baltic and North Seas region, with a view to examining evolution of monetary arrangements from a new monetary economics perspective. Since the objective exhange value of money (its purchasing power), reflects subjective individual valuations of commodities, the author assesses these historical cases by means of exchange rates. Using theories from new monetary economics , the book explores how the units of account and their media of exchange evolved as social conventions, and offers new insight into the separation between the two. Through this exploration, it puts forward that money is a social institution, a clearing device for the settlement of accounts, and so the value of money, or a separate unit of account, ultimately results from the size of its network of users.
The History of Money and Monetary Arrangements offers a highly original new insight into monetary arrangments as an evolutionary process. It will be of great interest to an international audience of scholars and students, including those with an interest in economic history, evolutionary economics and new monetary economics.
目次
List of figures, List of tables, Preface, Table of abbreviations. 1. Evolution of monetary arrangements 2. New monetary economics and commodity bundles: a critique of the Black-Fama-Hall system. 3. A measure of value independent of commodities: developing new monetary economics using the monetary theory of Schumpeter, Mises, and Wicksell. 4. Mind and monetary arrangements: a method to assess monetary heuristics in historical time. 5. Hanseatic monetary arrangements and the functional separation of money. 6. Seventeenth century banking: Amsterdamsche Wisselbank, Stockholms Banco, and their consequences for monetary evolution. 7. The emergence of the gold standard and the unification of the monetary functions: what happened to the functioning of the cashless payments system using bills of exchange? 8. Interwar monetary fragmentation and the gold standard restored: the crisis of 1929 compared with the crisis of 2008. 9. Heuristics in the evolution of units of account and media of exchange. 10. Monetary arrangements and the capital structure: some lessons from the lens of Lachmann and Lundberg. 11. Concluding remarks: how to avoid pathologies of money and credit. Index
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