Money and Central Banking

John Turner ()

Chapter 8 in An Economist’s Guide to Economic History, 2018, pp 63-70 from Palgrave Macmillan

Abstract: Abstract This chapter asks why money and central banks exist. Its author makes a plea for a historical approach to monetary economics. Students need to understand the evolution of money and banking so they understand why our modern monetary systems are designed the way they are. The chapter concludes that money and central banking is not a purely technocratic issue; from their inception, sovereigns have been involved. Only through economic history can scholars understand the political economy of our mediums of exchange.

JEL-codes: E42 E58 N10 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-96568-0_8

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DOI: 10.1007/978-3-319-96568-0_8

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