TY - BOOK AU - Goetzmann,William N. AU - Rouwenhorst,K.Geert TI - The origins of value: the financial innovations that created modern capital markets SN - 0195175719 AV - HG171 .O74 2005 U1 - 332.041 22 PY - 2005/// CY - Oxford, New York PB - Oxford University Press KW - Finance KW - History KW - Money KW - Value KW - Capital market KW - Speculation N1 - Includes bibliographical references (pages 359-394) and index; Introduction : financial innovations in history; William N. Goetzmann and K. Geert Rouwenhorst --; 1; The invention of interest; Marc van de Mieroop --; 2; Roman shares; Ulrike Malmendier --; 3; How business was conducted on the Chinese Silk Road during the Tang Dynasty, 618-907; Valerie Hansen and Ana Mata-Fink --; 4; The origins of paper money in China; Richard von Glahn --; 5; Paying in paper; William N. Goetzmann and Elisabeth Koll --; 6; From tallies and chirographs to Franklin's printing press at Passy; William N. Goetzmann and Laura Williams --; 7; Fibonacci and the financial revolution; William N. Goetzmann --; 8; Bonds and government debt in Italian city-states, 1250-1650; Luciano Pezzolo --; 9; Venture shares of the Dutch East India Company; Larry Neal --; 10; Perpetuities in the stream of history; William N. Goetzmann and K. Geert Rouwenhorst --; 11; Amsterdam as the cradle of modern futures trading; Oscar Gelderblom and Joost Jonker --; 12; Annuities in early modern Europe; James M. Poterba --; 13; John Law; Antoin E. Murphy --; 14; The invention of inflation-indexed bonds in early America; Robert J. Shiller --; 15; The origins of mutual funds; K. Geert Rouwenhorst --; 16; Transatlantic paper and the emergence of the American capital market; Ned W. Downing --; 17; The origins of the New York Stock Exchange; Richard Sylla --; 18; The first "Eurobonds"; Niall Ferguson --; 19; German debt in the twentieth century; Timothy W. Guinnane --; 20; King Leopold's bonds; Robert Harms N2 - "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 ER -