The Bank of Amsterdam Through the Lens of Monetary Competition

Stephen Quinn and William Roberds

A chapter in Explaining Monetary and Financial Innovation, 2014, pp 283-300 from Springer

Abstract: Abstract We examine the experience of an innovative fiat money regime, introduced by the Bank of Amsterdam in the late seventeenth century and persisting until the downfall of the Dutch Republic in 1795. The pan-European competition among international monies occurred beyond the legal domain of any one political authority, or cluster of local authorities. Competition was not framed by legally derived spillovers, so bad money was shunned.

Keywords: Pure Silver; Legal Tender; Silver Coin; Fiat Money; Monetary Institution (search for similar items in EconPapers)
Date: 2014
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Working Paper: The Bank of Amsterdam through the lens of monetary competition (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-319-06109-2_11

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DOI: 10.1007/978-3-319-06109-2_11

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