Evolution of Central Banking?

De Nederlandsche Bank 1814 -1852

Business & Finance, Economics, Macroeconomics, Finance & Investing, Finance
Cover of the book Evolution of Central Banking? by Roland Uittenbogaard, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Roland Uittenbogaard ISBN: 9783319106175
Publisher: Springer International Publishing Publication: December 29, 2014
Imprint: Springer Language: English
Author: Roland Uittenbogaard
ISBN: 9783319106175
Publisher: Springer International Publishing
Publication: December 29, 2014
Imprint: Springer
Language: English

The book analyses the establishment of De Nederlandsche Bank and its early development as a case study to test competing theories on the historical development of central banking. It is shown that the establishment of DNB can be explained by both the fiscal theory and the financial stability theory. Later development makes clear that the financial stability role of DNB prevailed. DNB´s bank notes were not forced onto the public and competition was fierce. A prudent and independent stance was necessary to be able to play its intended role. This meant that DNB played a modest role in the Amsterdam money market until 1852. By 1852 it had established itself to become the central bank. By then its bank notes had become generally accepted and it could start to operate as a reserve bank. Also the market context had changed dramatically, its competitors had been driven out of the market and several credit institutions had become customers of DNB.

"On the occasion of the Nederlandsche Bank's 200th Anniversary, it is good to have a new, and an extremely good, history of its founding and first fifty years of operation. The only previous account of this period of the DNB's history was legalistic and did not sufficiently place the Bank´s development in its wider context. Uittenbogaard's book provides a much broader, and better, story of the personnel, economics, and finance of the DNB at this juncture." - Charles Goodhart, LSE.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The book analyses the establishment of De Nederlandsche Bank and its early development as a case study to test competing theories on the historical development of central banking. It is shown that the establishment of DNB can be explained by both the fiscal theory and the financial stability theory. Later development makes clear that the financial stability role of DNB prevailed. DNB´s bank notes were not forced onto the public and competition was fierce. A prudent and independent stance was necessary to be able to play its intended role. This meant that DNB played a modest role in the Amsterdam money market until 1852. By 1852 it had established itself to become the central bank. By then its bank notes had become generally accepted and it could start to operate as a reserve bank. Also the market context had changed dramatically, its competitors had been driven out of the market and several credit institutions had become customers of DNB.

"On the occasion of the Nederlandsche Bank's 200th Anniversary, it is good to have a new, and an extremely good, history of its founding and first fifty years of operation. The only previous account of this period of the DNB's history was legalistic and did not sufficiently place the Bank´s development in its wider context. Uittenbogaard's book provides a much broader, and better, story of the personnel, economics, and finance of the DNB at this juncture." - Charles Goodhart, LSE.

More books from Springer International Publishing

Cover of the book Heritage Stone Conservation in Urban Churchyards by Roland Uittenbogaard
Cover of the book Asteroids Impacts, Crustal Evolution and Related Mineral Systems with Special Reference to Australia by Roland Uittenbogaard
Cover of the book Robotic Sailing 2015 by Roland Uittenbogaard
Cover of the book Histories of Post-Mortem Contagion by Roland Uittenbogaard
Cover of the book Human Interference on River Health by Roland Uittenbogaard
Cover of the book Information Systems Security and Privacy by Roland Uittenbogaard
Cover of the book Nanopackaging: From Nanomaterials to the Atomic Scale by Roland Uittenbogaard
Cover of the book It From Bit or Bit From It? by Roland Uittenbogaard
Cover of the book PET/CT in Gynecological Cancers by Roland Uittenbogaard
Cover of the book Finding Lost Childhoods by Roland Uittenbogaard
Cover of the book Probability for Physicists by Roland Uittenbogaard
Cover of the book Impossibility in Modern Private Law by Roland Uittenbogaard
Cover of the book Electronic Government and the Information Systems Perspective by Roland Uittenbogaard
Cover of the book 1st Karl Schwarzschild Meeting on Gravitational Physics by Roland Uittenbogaard
Cover of the book Atlas of Pediatric Brain Tumors by Roland Uittenbogaard
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy