The origins of value : the financial innovations that created modern capital markets /

The origins of value : the financial innovations that created modern capital markets / edited by William N. Goetzmann and K. Geert Rouwenhorst. - xii, 404 pages : illustrations ; 30 cm

Includes bibliographical references (pages 359-394) and index.

Introduction : financial innovations in history / The invention of interest / Roman shares / How business was conducted on the Chinese Silk Road during the Tang Dynasty, 618-907 / The origins of paper money in China / Paying in paper / From tallies and chirographs to Franklin's printing press at Passy / Fibonacci and the financial revolution / Bonds and government debt in Italian city-states, 1250-1650 / Venture shares of the Dutch East India Company / Perpetuities in the stream of history / Amsterdam as the cradle of modern futures trading / Annuities in early modern Europe / John Law / The invention of inflation-indexed bonds in early America / The origins of mutual funds / Transatlantic paper and the emergence of the American capital market / The origins of the New York Stock Exchange / The first "Eurobonds" / German debt in the twentieth century / King Leopold's bonds / William N. Goetzmann and K. Geert Rouwenhorst -- Marc van de Mieroop -- Ulrike Malmendier -- Valerie Hansen and Ana Mata-Fink -- Richard von Glahn -- William N. Goetzmann and Elisabeth Koll -- William N. Goetzmann and Laura Williams -- William N. Goetzmann -- Luciano Pezzolo -- Larry Neal -- William N. Goetzmann and K. Geert Rouwenhorst -- Oscar Gelderblom and Joost Jonker -- James M. Poterba -- Antoin E. Murphy -- Robert J. Shiller -- K. Geert Rouwenhorst -- Ned W. Downing -- Richard Sylla -- Niall Ferguson -- Timothy W. Guinnane -- Robert Harms. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.

"From the invention of interest in Mesopotamia and the origin of paper money in China, to the creation of mutual funds, inflation-indexed bonds, and global financial securities, here is a sweeping survey of financial innovations that have changed the world." "Written by a distinguished group of experts and illustrated with over one hundred color photographs of landmark financial documents (including the first paper money), The Origins of Value traces the evolution of finance through 4,000 years of history. Readers see how and why many of our most important financial tools and institutions - loans, interest rates, stocks, bonds, mutual funds, the corporation, and the New York Stock Exchange, to name a few - came into being."--BOOK JACKET.

0195175719 9780195175714

2005002394


Finance--History
Money--History
Value--History
Capital market--History
Speculation--History

HG171 / .O74 2005

332.041

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