A Brief History of Money and Credit

Nektarios Michail

Chapter Chapter 1 in Money, Credit, and Crises, 2021, pp 3-26 from Springer

Abstract: Abstract What is money? Despite our daily use of it, it is not often that we ponder what makes something money, especially in the modern era where we take the prevalence of paper or digital money for granted. This chapter provides a short insight into these concepts, aiding the reader who is unfamiliar with the subject to build the essential knowledge pack required for the remainder of the book. The first chapter serves as an introduction to the world of money and banking, providing a quick overview of their history until the early twentieth century, including the creation of the world’s first central banks in Europe and the needs these institutions sought to address.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64384-3_1

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DOI: 10.1007/978-3-030-64384-3_1

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