Studies in macroeconomic history how a ledger became a central bank

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Before the US Federal Reserve and the Bank of England, the Bank of Amsterdam ('Bank') was a dominant central bank with a global impact on money and credit. How a Ledger Became a Central Bank draws on extensive archival data and rich secondary literature, to offer a new and detailed portrait of this historically significant institution. It describes how the Bank struggled to manage its money before hitting a modern solution: fiat money in combination with a repurchase facility and discretionary open market operations. It describes techniques the Bank used to monitor and stabilize money stock, and how foreign sovereigns could exploit the liquidity of the Bank for state finance. Closing with a discussion of commonalities of the Bank of Amsterdam with later central banks, including the Federal Reserve, this book has generated a great deal of excitement among scholars of central banking and the role of money in the macroeconomy.

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Taal: en

Bindwijze: Paperback

Oorspronkelijke releasedatum: 30 november 2023

Aantal pagina's: 400

Hoofdauteur: Stephen Quinn

Hoofduitgeverij: Cambridge University Press

Product breedte: 152 mm

Product hoogte: 21 mm

Product lengte: 227 mm

Verpakking breedte: 152 mm

Verpakking hoogte: 21 mm

Verpakking lengte: 227 mm

Verpakkingsgewicht: 540 g

EAN: 9781108706155

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