This book brings together for the first time more than half a dozen proposals, including several which have never been studied before, to show how thinkers on empire drew on monetary thought and banking theory to address the financial, political and constitutional challenges of empire in the...

This book brings together for the first time more than half a dozen proposals, including several which have never been studied before, to show how thinkers on empire drew on monetary thought and banking theory to address the financial, political and constitutional challenges of empire in the...

This paper tells the story of how paper money evolved as a result of lending by banks. While lending commodity money requires holding large reserves of commodity money to ensure liquidity, issuing convertible paper money reduces these costs significantly. The paper also examines the possibility...