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Explaining
Monetary
and Financial
Innovation
A Historical Analysis
Contents
The Political Economy of Monetary and Financial Innovation:
Introduction and Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Peter Bernholz and Roland Vaubel
Silver as a Financial Tool in Ancient Egypt and Mesopotamia. . . . . . . . . . 17
Marc Van De Mieroop
War and Peace, Imitation and Innovation, Backwardness
and Development: The Beginnings of Coinage in Ancient
Greece and Lydia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
David M. Schaps
The Emergence and Spread of Coins in Ancient India . . . . . . . . . . . . . . . . 53
Deme Raja Reddy
The Emergence and Spread of Coins in China from the Spring
and Autumn Period to the Warring States Period . . . . . . . . . . . . . . . . . . . . 79
Yohei Kakinuma
The Changing Pattern of Achaemenid Persian Royal Coinage . . . . . . . . . 127
Christopher Tuplin
The Spread of Coins in the Hellenistic World . . . . . . . . . . . . . . . . . . . . . . . 169
Andrew Meadows
Monetary Innovation in Ancient Rome: The Republic and Its Legacy . . . 197
Bernhard E. Woytek
The Provision of Stable Moneys by Florence and Venice,
and North Italian Financial Innovations in the Renaissance Period . . . . . 227
Peter Spufford
v
vi Contents
Monetary and Financial Innovations in Flanders, Antwerp,
London and Hamburg: Fifteenth to Eighteenth Century . . . . . . . . . . . . . . 253
Markus A. Denzel
The Bank of Amsterdam Through the Lens of Monetary
Competition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 283
Stephen Quinn an
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