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Institutions and Instruments of Monetary Policy

(3,644 words)

Author(s): Michael Rothmann
Coinage and Control Mechanisms Depending on the ruling structure in place, either the king, territorial princes, or cities themselves had the sovereign task of organizing the coinage. The actual expense i…
Date: 2016-08-09

Supply of Precious Metal

(986 words)

Author(s): Michael Rothmann
Owing to the dependency of currencies on gold and silver, the history of the European involvement with money has always to be tied in with the history of the extraction of precious metals. The market …
Date: 2016-08-09

Key Currencies

(2,220 words)

Author(s): Michael Rothmann
A unified European currency such as has been introduced after bitter struggle over the euro was already the dream from the Early Middle Ages onward, not only of every economically minded ruler, but of…
Date: 2016-08-09

Money

(1,091 words)

Author(s): Michael Rothmann
A developing money economy signifies the gradual departure from a society based on plunder and barter. At the same time, it is an enormous achievement of civilization and cultural abstraction, as mone…
Date: 2016-08-09