The Big Problem of Large Bills : The Bank of Amsterdam and the Origins of Central Banking

This paper outlines a model of the first true central bank, the Bank of Amsterdam, founded in 1609. Employing a variant of the Freeman (1996) model of money and payments, we first analyze the problematic monetary situation in the Netherlands prior to the founding of the Bank. We then use the model to describe how the Bank could remedy this situation by creating a stable medium for the settlement of commercial obligations

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Year of publication:	2015
Authors:	Quinn, Stephen ; Roberds, William
Publisher:	[S.l.] : SSRN
Subject:	Zentralbank \| Central bank \| Niederlande \| Netherlands \| Geldgeschichte \| Monetary history

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Extent:	1 Online-Ressource (56 p)
Series:	FRB Atlanta Working Paper ; No. 2005-16
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 2005 erstellt
Other identifiers:	10.2139/ssrn.814004 [DOI]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; N13 - Europe: Pre-1913
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014048554