Lessons from the history of money

Francois Velde ()

Economic Perspectives, 1998, vol. 22, issue Q I, 2-16

Abstract: This article looks at eight centuries of monetary history and asks: What happened and what have we learned? Money evolved from commodity-based to purely fiduciary, and in the trial-and-error process, governments learned some basic truths about price stability and the management of a sound currency.

Keywords: Money; Coinage (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhep:y:1998:i:qi:p:2-16:n:v.22no.1

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