Aim: The aim of this paper is to describe the construction of a new system for digital currency governed by the central bank, Central Bank Digital Currency (CBDC). Although the system uses cryptography, it is a new alternative for crypto currency like the Bitcoin. Today there is a global...

Aim: This paper presupposes a purely Central Bank Digital Currency (CBDC) based system. Its aim is to describe how such a system facilitates complete new possibilities to design a suitable monetary policy. More specifically, the purpose is to show that the available monetary tools can be used to...

Chapter 1. Introduction: The Origins and Fundamentals of Banking -- Chapter 2. The Medici Family: Bankers of the Renaissance (14th and 15th century) -- Chapter 3. Corporations, Stock Exchanges and the Amsterdam Bank of Exchange (Late 16th and 17th century) -- Chapter 4. Goldsmith Bankers and The...