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005 20151013141914.0
007 cr nn 008mamaa
008 141229s2015 gw | s |||| 0|eng d
020 _a9783319106175
_9978-3-319-10617-5
024 7 _a10.1007/978-3-319-10617-5
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
100 1 _aUittenbogaard, Roland.
_eauthor.
245 1 0 _aEvolution of Central Banking?
_h[electronic resource] :
_bDe Nederlandsche Bank 1814 -1852 /
_cby Roland Uittenbogaard.
260 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2015.
300 _aXV, 170 p. 14 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aIntroduction -- Theories on the Emergence and Development of Central Banking -- Dutch Economy and State 1800 - 1860 -- Establishment of De Nederlandsche Bank in 1814 -- Corporate Governance of DNB -- Relationship to the Government -- DNB's Role in the Payment System (1814 - 1852) -- DNB's Credit Policy (1814 - 1870) -- Summary and Conclusion -- Annexes: Granger Causality Test, Market Rate and Bank Rate -- Ordered-Probit Regressions -- A Monetary Policy Reaction Function for DNB 1814 - 1870 -- Literature.
520 _aThe 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.
650 0 _aEconomics.
650 0 _aEconomic policy.
650 0 _aMacroeconomics.
650 0 _aFinance.
650 1 4 _aEconomics/Management Science.
650 2 4 _aMacroeconomics/Monetary Economics.
650 2 4 _aFinancial Economics.
650 2 4 _aFinance/Investment/Banking.
650 2 4 _aEconomic Policy.
650 2 4 _aPublic Administration.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783319106168
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-319-10617-5
912 _aZDB-2-SBE
942 _2ddc
_cEBOOK
999 _c3121
_d3121