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A Brief History of Money and Credit

In: Money, Credit, and Crises

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  • Nektarios Michail

    (Central Bank of Cyprus)

Abstract

What is money? Despite our daily use of it, it is not often that we ponder what makes something money, especially in the modern era where we take the prevalence of paper or digital money for granted. This chapter provides a short insight into these concepts, aiding the reader who is unfamiliar with the subject to build the essential knowledge pack required for the remainder of the book. The first chapter serves as an introduction to the world of money and banking, providing a quick overview of their history until the early twentieth century, including the creation of the world’s first central banks in Europe and the needs these institutions sought to address.

Suggested Citation

  • Nektarios Michail, 2021. "A Brief History of Money and Credit," Springer Books, in: Money, Credit, and Crises, chapter 0, pages 3-26, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-64384-3_1
    DOI: 10.1007/978-3-030-64384-3_1
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