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"An examination of coined money and its significance to rulers, aristocrats and peasants in early medieval EuropeBetween the end of the Roman Empire in the fifth century and the economic transformations of the twelfth, coined money in western Europe was scarce and high in value, difficult for...
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allowed the Bank of England to nurture British monetary orthodoxy. The Order of the Privy Council suspended gold payments on … Bank of England notes and afforded simultaneous protection to the government and the Bank in pursuit of the conflicting … goals of price stability and war finance. The government, the Bank of England and the commercial banks formed a loose …
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