Explaining Monetary and Financial Innovation - A Historical Analysis (Hardcover, 2014 ed.)

This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history - starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires - as has been suggested by David Hume in 1742.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	Financial and Monetary Policy Studies, 39
Release date:	July 2014
First published:	2014
Editors:	Peter Bernholz • Roland Vaubel
Dimensions:	235 x 155 x 26mm (L x W x T)
Format:	Hardcover
Pages:	366
Edition:	2014 ed.
ISBN-13:	978-3-319-06108-5
Categories:	Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Economics > Economic systems > General Books > Business & Economics > Business & management > Management of specific areas > Research & development management Promotions
LSN:	3-319-06108-9
Barcode:	9783319061085

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