This book is the first complete survey of the evolution of monetary
institutions and practices in Western countries from the Middle
Ages to today. It radically rethinks previous attempts at a history
of monetary institutions by avoiding institutional approach and
shifting the focus away from the Anglo-American experience.
Previous histories have been hamstrung by the linear, teleological
assessment of the evolution of central banks. Free from such
assumptions, Ugolini's work offers bankers and policymakers
valuable and profound insights into their institutions.Using a
functional approach, Ugolini charts an historical trajectory longer
and broader than any other attempted on the subject. Moving away
from the Anglo-American perspective, the book allows for a richer
(and less biased) analysis of long-term trends. The book is ideal
for researchers looking to better understand the evolution of the
institutions that underlie the global economy.
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