Monetary Innovation in Ancient Rome: The Republic and Its Legacy

Bernhard E. Woytek ()
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Bernhard E. Woytek: Austrian Academy of Sciences

A chapter in Explaining Monetary and Financial Innovation, 2014, pp 197-226 from Springer

Abstract: Abstract This contribution analyses the most momentous innovations in the history of ancient Roman coinage and proposes to identify them as the following: (a) the introduction of coined silver money around 300 BC, (b) the creation of the denarius system in the Second Punic War, and (c) the introduction of a regular gold coinage under Julius Caesar. These innovations occurred in the pre-imperial era and laid the structural foundations for the currency of the Principate. Additionally, the chapter provides a brief discussion of Roman money before the introduction of coinage and analyses the emergence of banking in Republican Rome.

Keywords: Gold Coin; Silver Coin; Greek City; Roman Empire; Roman State (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-319-06109-2_8

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DOI: 10.1007/978-3-319-06109-2_8

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