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 Persuasive Technology: Development of Persuasive and Behavior Change Support Systems by Roland Uittenbogaard
Cover of the book Ethnocultural Diversity and the Home-to-School Link by Roland Uittenbogaard
Cover of the book Antiphospholipid Antibody Syndrome by Roland Uittenbogaard
Cover of the book Thermal Performance Modeling of Cross-Flow Heat Exchangers by Roland Uittenbogaard
Cover of the book Otitis Media: State of the art concepts and treatment by Roland Uittenbogaard
Cover of the book Chemistry and Hygiene of Food Additives by Roland Uittenbogaard
Cover of the book Robot Path Planning and Cooperation by Roland Uittenbogaard
Cover of the book Aspects of Management Planning for Cultural World Heritage Sites by Roland Uittenbogaard
Cover of the book Imagining Britain’s Economic Future, c.1800–1975 by Roland Uittenbogaard
Cover of the book Pharmacologic Trends of Heart Failure by Roland Uittenbogaard
Cover of the book Polish Migrants in European Film 1918–2017 by Roland Uittenbogaard
Cover of the book Capillary Electrophoresis-Mass Spectrometry by Roland Uittenbogaard
Cover of the book Understanding Children in Foster Care by Roland Uittenbogaard
Cover of the book Nonsmooth Mechanics by Roland Uittenbogaard
Cover of the book Conduction in Carbon Nanotube Networks 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