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- Title
Rebuilding the Roman imperial currency in nineteenth century Britain.
- Authors
Maher, George
- 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.
- Subjects
UNITED Kingdom; SILVER coins; HARD currencies; NINETEENTH century; MONEY supply; PRICES; LEGAL tender; FOREIGN exchange rates
- Publication
Economic Affairs, 2024, Vol 44, Issue 2, p378
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/ecaf.12641