The paper analyzes the historic origin of Central Banks, from three basic processes: the evolution and convergence of the free banking system to a hierarchical and centralized system in the Central Bank; the transformation of Clearing Houses in Central Banks, and finally, the processes by which...

The paper aims to analyze, in a historical perspective, as well as in a theoretical view, the unity and the contradiction between national economies and capitalism. On the one hand, in a historical perspective, it demonstrates that the unity takes place in the period of consolidation of...

The paper analyzes the historic origin of Central Banks, from three basic processes: the evolution and convergence of the free banking system to a hierarchical and centralized system in the Central Bank; the transformation of Clearing Houses in Central Banks, and finally, the processes by which...