JOURNAL ARTICLE

Rebuilding the Roman imperial currency in nineteenth century Britain.

  • Published In: Economic Affairs, 2024, v. 44, n. 2. P. 378 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Maher, George 3 of 3

Abstract

This article explores the concept of a universal currency, drawing parallels to the Roman Empire's banking system and its use of promissory notes. It discusses the collapse of the Roman imperial currency due to hyperinflation and political turmoil, comparing it to the challenges faced by Britain in the seventeenth and eighteenth centuries. The article highlights the fluctuating exchange rates and poor quality of coins in circulation during this time, contrasting it with the Roman Empire's successful management of its currency. It concludes by acknowledging the evolution of currency systems and the increasing reliance on digital transactions in the modern world. [Extracted from the article]

Additional Information

  • Source:Economic Affairs. 2024/06, Vol. 44, Issue 2, p378
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2024
  • ISSN:0265-0665
  • DOI:10.1111/ecaf.12641
  • Accession Number:178131519
  • Copyright Statement:Copyright of Economic Affairs is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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