VICTOR PLACE AS EARLY ADVOCATE OF FRACTIONAL RESERVE CENTRAL BANKING IN ROMANIA

Tudor Smirna

Review of Social and Economic Issues, 2016, vol. 1, issue 3, 57-75

Abstract: This article discusses two early documents on the theory and policy of money and banking in Romania. They are authored by Victor Place, a French diplomat and Consul in the Principality of Moldavia, whose role in the institutional transformation of the country cannot be underestimated. The two documents analyze the design and the problems of banking in the Principalities. The author’s attempt to offer a systematic treatment gives me the opportunity to show his errors and contradictions in light of modern theory. In order to understand what were the other available policy alternatives for the emerging Romanian state, I will also put his analysis in contemporaneous Western perspective.

Keywords: central banking; free banking; fractional reserves; government policy; crisis (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.rebe.rau.ro/RePEc/rau/rseijr/SP16/RSEI-SP16-A2.pdf (application/pdf)

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:rau:rseijr:v:1:y:2016:i:3:p:57-75

Access Statistics for this article

More articles in Review of Social and Economic Issues from Romanian-American University Contact information at EDIRC.
Bibliographic data for series maintained by Alex Tabusca ().