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The National Bank of Romania and its Isuue of Banknotes between Necessity and Possibility, 1880 - 1914

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Author Info
George Virgil Stoenescu () (National Bank of Romania)
Elisabeta Blejan (National Bank of Romania)
Brindusa Costache (National Bank of Romania)
Adriana Iarovici Aloman (National Bank of Romania)
Abstract

The paper looks at the National Bank of Romania’s issue of banknotes from 1880 through 1914, highlighting the developments in the notes’ cover, the channels whereby the central bank put its notes into circulation, as well as the behaviour of the issuing house during episodes of crisis. The narrative evidence reveals that the Bank had successfully managed its seignorage right and maintained a stable and trustworthy domestic currency that ensured the country’s economic development in line with the other European economies of the time.

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File URL: http://www.bankofgreece.gr/BogEkdoseis/Paper200888.pdf
File Format: application/pdf
File Function: Full Text
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Publisher Info
Paper provided by Bank of Greece in its series Working Papers with number 88.

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Length: 38 pages
Date of creation: Jul 2008
Date of revision:
Handle: RePEc:bog:wpaper:88

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Web page: http://www.bankofgreece.gr
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Related research
Keywords: Money circulation; Banknote issue; Cover stock; Mortgage notes; Gold standard;

Find related papers by JEL classification:
N13 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - Europe: Pre-1913
N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages

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This page was last updated on 2009-12-1.

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