0
Your cart

Your cart is empty

Books > Business & Economics > Economics > Econometrics

Buy Now

The History of Money and Monetary Arrangements - Insights from the Baltic and North Seas Region (Hardcover) Loot Price: R3,974
Discovery Miles 39 740
The History of Money and Monetary Arrangements - Insights from the Baltic and North Seas Region (Hardcover): Thomas Marmefelt

The History of Money and Monetary Arrangements - Insights from the Baltic and North Seas Region (Hardcover)

Thomas Marmefelt

Series: Routledge Studies in the History of Economics

 (sign in to rate)
Loot Price R3,974 Discovery Miles 39 740 | Repayment Terms: R372 pm x 12*

Bookmark and Share

Expected to ship within 12 - 17 working days

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.

General

Imprint: Routledge
Country of origin: United Kingdom
Series: Routledge Studies in the History of Economics
Release date: August 2018
First published: 2012
Authors: Thomas Marmefelt
Dimensions: 234 x 156 x 19mm (L x W x T)
Format: Hardcover
Pages: 204
ISBN-13: 978-0-415-82048-6
Categories: Books > Business & Economics > Economics > Macroeconomics > Monetary economics
Books > Business & Economics > Economics > Econometrics > General
LSN: 0-415-82048-0
Barcode: 9780415820486

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

You might also like..

The South African Informal Sector…
Frederick Fourie Paperback R290 R227 Discovery Miles 2 270
Essential Mathematics for Economics and…
T. Bradley Paperback R1,678 Discovery Miles 16 780
Basic mathematics for economics students…
Derek Yu Paperback R345 R319 Discovery Miles 3 190
Introductory Econometrics - A Modern…
Jeffrey Wooldridge Hardcover R1,341 R1,207 Discovery Miles 12 070
Operations and Supply Chain Management
James Evans, David Collier Hardcover R1,371 R1,232 Discovery Miles 12 320
Operations And Supply Chain Management
David Collier, James Evans Hardcover R1,394 R1,251 Discovery Miles 12 510
Financial and Macroeconomic…
Francis X. Diebold, Kamil Yilmaz Hardcover R3,612 Discovery Miles 36 120
E.Europe Russia & C Asia 2001
Europa Publications Hardcover R10,219 Discovery Miles 102 190
Statistics for Business and Economics…
Paul Newbold, William Carlson, … R2,229 Discovery Miles 22 290
Statistics for Business and Economics…
Paul Newbold, William Carlson, … Paperback R2,454 Discovery Miles 24 540
Tax Policy and Uncertainty - Modelling…
Christopher Ball, John Creedy, … Hardcover R2,570 Discovery Miles 25 700
Advanced Introduction to Spatial…
Daniel A. Griffith, Bin Li Paperback R623 Discovery Miles 6 230

See more

Partners