Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101021
Authors: 
Quinn, Stephen
Editors: 
Roberds, William
Year of Publication: 
2005
Series/Report no.: 
Working Paper, Federal Reserve Bank of Atlanta 2005-16
Abstract: 
This paper outlines a model of the first true central bank, the Bank of Amsterdam, founded in 1609. Employing a variant of the Freeman (1996) model of money and payments, we first analyze the problematic monetary situation in the Netherlands prior to the founding of the Bank. We then use the model to describe how the Bank could remedy this situation by creating a stable medium for the settlement of commercial obligations.
Subjects: 
money
central banks
coinage
debasement
JEL: 
E420
E520
N130
Document Type: 
Working Paper

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