Ugolini the evolution of central banking; theory and history (2017)

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Ugolini   the evolution of central banking; theory and history (2017)

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... consists of looking at the solutions themselves In other words, rather than looking at the evolution of central banks, it is about looking at the evolution of central banking 1.2 The Evolution of Central. .. supervision The latter task consists of the provision of the macroeconomic central banking functions: the issuance of money and the conduct of monetary policy.51 1.2.2 The Roadmap The rest of this... of Central Banks 1.1.1 The Starting Point For more than a generation, the literature on the history of central banks has grown in the shadow of Charles Goodhart’s masterpiece The Evolution of

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  • Acknowledgements

  • Contents

  • 1: Introduction

    • 1.1 The Evolution of Central Banks

      • 1.1.1 The Starting Point

      • 1.1.2 A Manifest Destiny?

      • 1.1.3 Post Hoc, Propter Hoc?

      • 1.1.4 What Is a Central Bank?

      • 1.2 The Evolution of Central Banking

        • 1.2.1 What Are Central Banking Functions?

        • 1.2.2 The Roadmap

        • Bibliography

        • 2: The Payment System

          • 2.1 The Payment System: Theory

            • 2.1.1 The Industrial Organization of Payments

            • 2.1.2 The Payment System as a Natural Monopoly

            • 2.1.3 A Tentative Solution: Clearinghouses

            • 2.2 The Payment System: History

              • 2.2.1 The Reluctant Monopolist: The Venetian State and the Rialto Clearing

              • 2.2.2 Fixing the Payment Infrastructure in Early Modern Europe: “Bank-Based” Solutions

                • Public Solutions for Public Payments: The Aragonese Municipal Banks

                • Private Solutions for Public Payments: The Genoese Banking Office of the Casa di San Giorgio

                • Nonprofit Solutions for Public and Private Payments: The Neapolitan Banks of Issue

                • Public Solutions for Private Payments: The Transfer Banks of Amsterdam and Hamburg

                • 2.2.3 Fixing the Payment Infrastructure in Early Modern Europe: “Market-Based” Solutions

                • 2.2.4 The Creation of National Payment Systems: Europe

                • 2.2.5 The Creation of National Payment Systems: The New World

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