The National Bank of Romania and its Isuue of Banknotes between Necessity and Possibility, 1880 - 1914

George Virgil Stoenescu (), Elisabeta Blejan, Brindusa Costache and Adriana Iarovici Aloman
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George Virgil Stoenescu: National Bank of Romania
Elisabeta Blejan: National Bank of Romania
Brindusa Costache: National Bank of Romania
Adriana Iarovici Aloman: National Bank of Romania

No 88, Working Papers from Bank of Greece

Abstract: The paper looks at the National Bank of Romania’s issue of banknotes from 1880 through 1914, highlighting the developments in the notes’ cover, the channels whereby the central bank put its notes into circulation, as well as the behaviour of the issuing house during episodes of crisis. The narrative evidence reveals that the Bank had successfully managed its seignorage right and maintained a stable and trustworthy domestic currency that ensured the country’s economic development in line with the other European economies of the time.

Keywords: Money circulation; Banknote issue; Cover stock; Mortgage notes; Gold standard (search for similar items in EconPapers)
JEL-codes: E42 E52 G21 N13 N23 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2008-07
New Economics Papers: this item is included in nep-cba, nep-his, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bog:wpaper:88

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