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SUMMARY:How a ledger became a central bank: a monetary history of the Bank
  of Amsterdam.   - Stephen Quinn (Texas Christian University) and Will Rob
 erds (Federal Reserve Bank of Atlanta)
DTSTART:20240311T170000Z
DTEND:20240311T183000Z
UID:TALK210457@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:Before the US Federal Reserve and the Bank of England\, the Ba
 nk of Amsterdam (the ‘Bank’) was a dominant central bank with a global
  impact on money and credit.  'How a Ledger Became a Central Bank' draws o
 n extensive archival data and rich secondary literature to offer a new and
  detailed portrait of this historically significant institution.  It descr
 ibes how the Bank struggled to manage its money before hitting a modern so
 lution: fiat money in combination with a repurchase facility and discretio
 nary open market operations.  It describes techniques the Bank used to mon
 itor and stabilize its money stock\, and how foreign sovereigns could expl
 oit the liquidity of the Bank for state finance.  Closing with a discussio
 n of commonalities of the Bank of Amsterdam with later central banks\, inc
 luding the Federal Reserve\, this book has generated a great deal of excit
 ement among scholars of central banking and the role of money in the macro
 economy.
LOCATION:John Bradfield Room\, Darwin College and Zoom
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