))
Oliver Volckart on how Germany created its first common currency in the 16th century
Manage episode 430364653 series 2988789
Contenuto fornito da Penn Initiative for the Study of Markets. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Penn Initiative for the Study of Markets o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
The concept of a monetary union today implies a multilateral entity that centralizes the emission of a common currency shared by multiple countries. This arrangement provides benefits, such as lower transaction costs, but poses challenges, especially without a complete fiscal union, which can create perverse incentives. However, monetary issues are not new; they have been a consistent aspect of human organizations throughout history. Today, we will discuss how the politically fragmented German lands under the Holy Roman Empire established a common currency in the sixteenth century and examine the debates surrounding its perceived success or failure.
31 episodi
Condividi
