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The Bank of Amsterdam Through the Lens of Monetary Competition

In: Explaining Monetary and Financial Innovation

Author

Listed:
  • Stephen Quinn

    (Texas Christian University)

  • William Roberds

    (Federal Reserve Bank of Atlanta)

Abstract

We examine the experience of an innovative fiat money regime, introduced by the Bank of Amsterdam in the late seventeenth century and persisting until the downfall of the Dutch Republic in 1795. The pan-European competition among international monies occurred beyond the legal domain of any one political authority, or cluster of local authorities. Competition was not framed by legally derived spillovers, so bad money was shunned.

Suggested Citation

  • Stephen Quinn & William Roberds, 2014. "The Bank of Amsterdam Through the Lens of Monetary Competition," Financial and Monetary Policy Studies, in: Peter Bernholz & Roland Vaubel (ed.), Explaining Monetary and Financial Innovation, edition 127, pages 283-300, Springer.
    • Handle: RePEc:spr:fimchp:978-3-319-06109-2_11
    DOI: 10.1007/978-3-319-06109-2_11
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    Cited by:

    1. is not listed on IDEAS
    2. Maria Pia Paganelli, 2014. "David Hume on Banking and Hoarding," Southern Economic Journal, John Wiley & Sons, vol. 80(4), pages 968-980, April.
    3. Peter Bernholz, 2015. "Monetary Regimes and Inflation," Books, Edward Elgar Publishing, number 16527, June.

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