Money, banking, and old-school historical economics

Autor: François R. Velde, Eric Monnet
Přispěvatelé: Paris School of Economics (PSE), École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Paris Jourdan Sciences Economiques (PJSE), Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Federal Reserve Bank of Chicago, Alberto Bisin, Giovanni Federico
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: The Handbook of Historical Economics
Alberto Bisin; Giovanni Federico. The Handbook of Historical Economics, Elsevier, pp.335-364, 2021, 978-0128158746. ⟨10.1016/B978-0-12-815874-6.00020-4⟩
DOI: 10.1016/B978-0-12-815874-6.00020-4⟩
Popis: International audience; We review developments in the history of money, banking, and financial intermediation over the last twenty years. We focus on studies of financial development, including the role of regulation and the history of central banking. We also review the literature of banking and financial crises. This area has been largely unaffected by the so-called new econometric methods that seek to prove causality in reduced form settings. We discuss why historical macroeconomics is less amenable to such methods, discuss the underlying concepts of causality, and emphasize that models remain the backbone of our historical narratives.
Databáze: OpenAIRE
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