Money, the Banks and the Bankers

Dimitris N. Chorafas

Chapter 1 in The Commercial Banking Handbook, 1999, pp 3-25 from Palgrave Macmillan

Abstract: Abstract Banking has an established history of at least 37 centuries, according to some accounts. Historical evidence supports the likelihood of the existence of banking-type organizations for almost two millennia before Christ. One of the earliest evidences of banking operations dates from the Code of Hammurabi, the founder of the Babylonian Empire (1728–1686 BC). It laid down the standards of banking procedures as a uniform public law.

Keywords: Banking Industry; Credit Risk; Federal Reserve; Money Market; Small Bank (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37908-4_1

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DOI: 10.1057/9780230379084_1

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