A history of money: from ancient times to the present day
This is a straight-forward, readable account, written with the minimum of jargon, of the central importance of money in the ordinary business of the life of different peoples throughout the ages from ancient times to the present day.
First published in hardback in 1994 and selected by the American Libraries Association as an Outstanding Academic Book. This revised and updated paperback edition also deals with the Barings crisis and the report by the Bank of England on Barings Bank; up-to-date information on the state of Japanese banking; changes in the financial scene in the US; the UK housing market and the problem of negative equity. The paradox of why more coins than ever before are required in an increasingly cashless society is clearly explained, as is the role of the new Euro' coin as the lowest common denominator in Europe's controversial single currency system. The final section provides evidence to suggest that for most of the world's richer countries the era of persistent inflation may well be at an end.
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THE NATURE AND ORIGINS OF MONEY AND BARTER 133
as old as the hills
Modern barter and countertrading
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accepted Bank of England Bank's bankers banking system banknotes barter became become bills borrowing branches Britain British building societies bullionist capital cash cent central bank century circulation coinage coins colonies commercial companies considerable country banks crisis currency Danegeld debasement decade demand denarius deposits despite Diocletian discount dollar early economic economists English Europe European Exchequer export Federal Reserve foreign exchange foreign exchange markets France German gold standard goldsmiths Greek growth important increased industrial inflation inflationary institutions interest investment Keynes Keynesian later LDCs loans London merchants million mints modern monetarism monetarist monetary policy money supply Montagu Norman note issue official operations paper money payments penny period political pound precious metals reform regional Report rise role Roman royal savings banks Scotland South Sea Company sterling taxes theory trade Treasury usury