Rien de neuf sous le soleil ...Interestingly, some historians measure the sophistication of Roman finance “by the extent banks were present” (Temin, p. 719). While it is true that we have no evidence of a 1st Century B.C. Wells Fargo, this may not necessarily imply lack of sophistication. Prior to the Great Recession in the United States, a large chunk of financial intermediation didn’t involve banks–it went through the “shadow banking system.” Roman high finance “functioned primarily on the basis of brokerage” (K. Verboven, “Faeneratores, Negotiatores and Financial Intermediation in the Roman World,” p. 12), and hence was a bit like a proto-shadow banking system, as we suggest in our prior post. Like the shadow-banking system in the United States, it was fragile. Going back to our earlier example, we note that if whomever you want to buy property from starts wondering about the creditworthiness of Sempronius, she will not accept his nomina in payment and will want cash. That’ll force you to call in the loan to Sempronius, who in order to pay you will call in his loan to Titus, and so on. But financial crises in ancient Rome are the subject of a future post.
Monnaie et finance dans l'empire romain
Monnaie et finance dans l'empire romain
http://libertystreeteconomics.newyorkfe ... -rome.html
Dieu est mort. Marx est mort. Et moi-même je ne me sens pas très bien ... (Woody Allen)
Re: Monnaie et finance dans l'empire romain
La monnaie et le trading de monnaie existe depuis que le commerce international existe, c'est à dire sans doute 3 000 ans.
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Re: Monnaie et finance dans l'empire romain
Comment vous remercier !Incognito a écrit :http://libertystreeteconomics.newyorkfe ... -rome.html
Interestingly, some historians measure the sophistication of Roman finance “by the extent banks were present” (Temin, p. 719). While it is true that we have no evidence of a 1st Century B.C. Wells Fargo, this may not necessarily imply lack of sophistication. Prior to the Great Recession in the United States, a large chunk of financial intermediation didn’t involve banks–it went through the “shadow banking system.” Roman high finance “functioned primarily on the basis of brokerage” (K. Verboven, “Faeneratores, Negotiatores and Financial Intermediation in the Roman World,” p. 12), and hence was a bit like a proto-shadow banking system, as we suggest in our prior post. Like the shadow-banking system in the United States, it was fragile. Going back to our earlier example, we note that if whomever you want to buy property from starts wondering about the creditworthiness of Sempronius, she will not accept his nomina in payment and will want cash. That’ll force you to call in the loan to Sempronius, who in order to pay you will call in his loan to Titus, and so on. But financial crises in ancient Rome are the subject of a future post.
Vous inventez. Si vous naviguez à l'Ouest, vous tomberez dans le néant. Restez donc chez nous. icon_mrgreen
"La mer était très forte. Je pense qu'il était bien trop vieux pour aller à la pêche aux maquereaux".
Feu Dédé la fleur; bien souffrant (Ouessant) et Yann Tiersen (mondialement connu).
Feu Dédé la fleur; bien souffrant (Ouessant) et Yann Tiersen (mondialement connu).
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