Evolution of central banking? [electronic resource] : De Nederlandsche Bank 1814-1852 / Roland Uittenbogaard.
Uittenbogaard, Roland, author.
2015
HG3116 .U38 2015eb
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Title Evolution of central banking? [electronic resource] : De Nederlandsche Bank 1814-1852 / Roland Uittenbogaard.
Author Uittenbogaard, Roland, author.
ISBN 9783319106175 electronic book
3319106171 electronic book
9783319106168
DOI https://doi.org/10.1007/978-3-319-10617-5
Published Cham : Springer, 2015.
Language English
Description 1 online resource (xv, 170 pages) : color illustrations
1 online resource.
Other Standard Identifiers 10.1007/978-3-319-10617-5 doi
Call Number HG3116 .U38 2015eb
Dewey Decimal Classification 332.1/109492
Summary 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. DNBþs 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 Bankþs 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.
Bibliography, etc. Note Includes bibliographical references.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (SpringerLink, viewed January 16, 2015).
Available in Other Form Print version: 9783319106168
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Introduction
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.

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