Money

Dimitris N. Chorafas

Chapter 2 in The Changing Role of Central Banks, 2013, pp 37-55 from Palgrave Macmillan

Abstract: Abstract The prevailing theory about the origin of money,1 written in books and taught in schools, is that it followed the track ofbarter agreements, improving upon them by providing greater flexibility and liquidity in commercial exchanges. A minority of monetary historians, however, maintains that, though present, barter was not the main factor in the development of money as we know it. Instead, its origin has been: Social ceremonies largely influenced by religious rites, and The accumulation of wealth by the ancient temples.2

Keywords: Central Bank; Foreign Exchange; Precious Metal; Money Supply; Foreign Currency (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33228-8_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137332288

DOI: 10.1057/9781137332288_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().