An economic explanation of the early Bank of Amsterdam, debasement, bills of exchange, and the emergence of the First Central Bank
By: Stephen Quinn and William Roberds
Contributors: Roberds, William; Federal Reserve Bank of Atlanta
Series: Working paper series / Federal Reserve Bank of Atlanta -- 2006-13; Working paper series (Federal Reserve Bank of Atlanta : Online) -- 2006-13.
Publisher: Federal Reserve Bank of Atlanta
Published: 2006
Place of publication: Atlanta, Ga.]
Language: eng
Format: [electronic resource] /
Description: "The Bank of Amsterdam, founded in 1609, was the first public bank to offer accounts not directly convertible to coin. As such, it can be described as the first true central bank. The debut of central bank money did not result from any conscious policy decision, however, but instead arose almost by accident, in response to the chaotic monetary conditions during the early years of the Dutch Republic. This paper examines the history of this momentous development from the perspective of modern monetary theory. "--Federal Reserve Bank of Atlanta web site.
Notes: Title from PDF file as viewed on Oct. 5, 2006

Includes bibliographical references.

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Mode of access: World Wide Web.