The Creation of a Paper Currency

Luis Angeles ()
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Luis Angeles: University of Glasgow

Chapter Chapter 6 in Money Matters, 2022, pp 47-58 from Springer

Abstract: Abstract Lending by bank deposit creation was invented during the Late Middle AgesMiddle Ages, albeit we have no precise dating for it. In a classic article, the economic historian Abbott Parson Usher argued that the practice was probably well established by the early fifteenth century, when written sources from Venice imply its existence.

Keywords: Bank reserves; Bank run; Banknote; Public banks; Bank of England; Central Bank; Convertibility (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-95516-8_6

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DOI: 10.1007/978-3-030-95516-8_6

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