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Money and Central Banking

In: An Economist’s Guide to Economic History

Author

Listed:
  • John D. Turner

    (Queen’s University Belfast)

Abstract

This chapter asks why money and central banks exist. Its author makes a plea for a historical approach to monetary economics. Students need to understand the evolution of money and banking so they understand why our modern monetary systems are designed the way they are. The chapter concludes that money and central banking is not a purely technocratic issue; from their inception, sovereigns have been involved. Only through economic history can scholars understand the political economy of our mediums of exchange.

Suggested Citation

  • John D. Turner, 2018. "Money and Central Banking," Palgrave Studies in Economic History, in: Matthias Blum & Christopher L. Colvin (ed.), An Economist’s Guide to Economic History, chapter 8, pages 63-70, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-319-96568-0_8
    DOI: 10.1007/978-3-319-96568-0_8
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    More about this item

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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