Two Tiers — and a Black Market

Brendan Brown

Chapter 4 in The Dollar-Mark Axis: On Currency Power, 1979, pp 87-105 from Palgrave Macmillan

Abstract: Abstract In Ancient Rome, there was a temple to Janus supposed to have been built by Numa which was always open in times of war and shut in times of peace. Livy recorded that in the period of seven hundred years from its construction to the reign of Augustus, the temple was closed for only two short intervals — after the first Punic War, and after Octavian’s victory at Actium in 31 BC.

Keywords: Exchange Rate; Exchange Market; Credit Market; Black Market; Bank Deposit (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04245-6_4

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DOI: 10.1007/978-1-349-04245-6_4

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