Home > Uncategorized > Central bank history (2/5) 1814-1914 hundred years peace

Central bank history (2/5) 1814-1914 hundred years peace

from Asad Zaman

In previous post on the founding of the Bank of England, we have explained that Central Banks were created to provide financing for wars. In fulfilling this role, they had several advantages over the state, enabling them to get credit, and get it at low interest rates. For a number of reasons, this was not possible for sovereign states.  read more . . .

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