A History of Money

A History of Money

Paperback

By (author) Glyn Davies

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  • Publisher: University of Wales Press
  • Format: Paperback | 950 pages
  • Dimensions: 156mm x 232mm x 38mm | 1,260g
  • Publication date: 8 November 2005
  • Publication City/Country: Wales
  • ISBN 10: 0708317170
  • ISBN 13: 9780708317174
  • Edition: 4, Revised
  • Edition statement: 4th Revised edition
  • Sales rank: 281,849

Product description

This is a straight-forward, readable account, written with the minimum of jargon, of the central importance of money in the ordinary business of the life of different people throughout the ages from ancient times to the present day. It includes the Barings crisis and the report by the Bank of England on Barings Bank; up-to-date information on the state of Japanese banking and the changes in the financial scene in the US. It also touches on the US housing market and the problem of negative equity. The paradox of why more coins than ever before are required in an increasingly cashless society is clearly explained, as is the role of the Euro coin as the lowest common denominator in Europe's controversial single currency system. The final section provides evidence to suggest that for most of the world's richer countries the era of persistent inflation may well be at an end. This new edition is updated and takes account of important recent developments such as the independence of the Bank of England, the introduction of Euro notes and coins from 1st of January 2002 and developments in electronic money.

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Author information

Glyn Davies, deceased, was an Emeritus Professor of the University of Wales and Economic Advisor to Julian Hodge Bank Ltd. His former positions include Sir Julian Hodge Professor of Banking and Finance and Head of Department for Economics and Banking, U.W.I.S.T, Cardiff. He was also Senior Economic Advisor to the Secretary of State for Wales and Economic advisor and Director of the Bank of Wales.

Review quote

'...many fascinating historical perspectives are contained in this highly readable, new history of money' - The Financial Times' ' ... a masterful examination ... It's a helter-skelter ride through history, swooping and touching on civilization and how they did business, funded their treasuries and paid their servants including armies ...' World Money Laundering Report, Vol 15, No 1, 2004 'Davies writes with a sparkling wit, and his prose is elegant and flowing...This excellent work will be useful to economists, political scientists, and even anthropologists.' Choice '...if you are a numismatist looking for a book that will explain the economy then this is it...all I can say is Highly Recommended.' Sacra Moneta 'An erudite, well researched and comprehensive book.' Banking World '...a thoroughly good read...' Economic Journal