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History of Money and Monetary Arrangements : Insights from the Baltic and North Seas Region (Hardcover)
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This new volume examines monetary separation and the history of monetary arrangements in the North and Baltic Seas region, from the Hanseatic League onwards. This analysis is done with a view to assessing evolution of monetary arrangements from a new monetary economics perspective.
In pre-industrial Europe, in addition to a southern trading zone in the Mediterranean, a northern trading zone emerged from the Low Countries to the Baltic, and down the Bay of Biscay to the Iberian peninsula. Trade requires appropriate monetary arrangements, some unit of account and, at least, one medium of exchange. Using theories from new monetary economics , the book explores how the units of account and their media of exchange evolved as social conventions, and offers new insight into the separation between the two.
This highly original new analysis will be of interest to an international audience of scholars and students, including those with an interest in economic history, evolutionary economics and new monetary economics.