Money in the late Roman Republic / by David B. Hollander.

Format:

Book

Author/Creator:

Hollander, David B. (David Bruce)

Series:

Columbia studies in the classical tradition 0166-1302 ; v. 29.

Columbia studies in the classical tradition, 0166-1302 ; v. 29

Language:

English

Subjects (All):

Money--Rome--History.

Money.

Coinage--Rome--History.

Coinage.

Monetary policy--Rome--History.

Monetary policy.

Rome--Economic conditions.

Rome.

Rome (Empire).

Economic conditions.

Genre:

Academic theses.

Physical Description:

viii, 190 pages : illustrations ; 25 cm.

Place of Publication:

Leiden ; Boston : Brill, 2007.

Summary:

Roman monetary history has tended to focus on the study of Roman coinage but other assets regularly functioned as, or in place of, money. This book places coinage in its broader monetary context by also examining the role of bullion, financial instruments, and commodities such as grain and wine in making payments, facilitating exchange, measuring value and storing wealth. The use of such assets reduced the demand for coinage in some sectors or the economy and is a crucial factor in determining the impact of the large increase in the coin supply during the last century of the Republic. Money demand theory suggests that increased coin production led to further monetization, not per capita economic growth.

Contents:

1.1 Roman Money and Roman Coinage 1

1.2 Pecunia and Money 5

1.3 Barter and the Nature of the Roman Economy 8

1.4 Monetary Terminology 12

Chapter 2 Roman Coinage: Use, Volume and Composition 15

2.2 Silver Coinage 17

2.3 Gold Coinage 20

2.4 Bronze Coinage 24

Chapter 3 Financial Instruments 31

3.2 Bullion 31

3.2.1 Bullion as a Means of Payment 31

3.2.2 Bullion as a Unit of Account 33

3.2.3 Bullion as a Measure of Value 34

3.2.4 Bullion as a Store of Wealth 34

3.2.5 The Use and Circulation of Bullion 35

3.3 Financial Instruments 39

3.3.1 Permutationes 40

3.3.2 Syngraphae 44

3.3.3 Partes 48

3.3.4 Nomina 51

3.4 Financial Institutions 53

Chapter 4 Pecuniary Assets 59

4.2 Means of Payment 59

4.3 Stores of Wealth 75

4.4 Media of Exchange 85

4.5 Units of Account 85

Chapter 5 Monetary Zones 87

5.2 The Governmental Monetary Zone 89

5.2.1 Government Revenues 90

5.2.2 Government Expenses 97

5.2.3 Internal Circulation 101

5.3 The Commercial Monetary Zone: Coinage in Long-distance Trade 104

5.4 The Urban Monetary Zone 111

5.5 Redistribution: Limits to Urban Monetization 118

5.6 The Rural Monetary Zone 122

Chapter 6 The Demand for Roman Money 137

6.2 Quantity Theory 137

6.3 The Demand for Money 141

6.4 Demand in the Late Republic 144

6.5 Changes in Demand 149

6.6 Economic Growth? 153

Index Locorum 177.

Notes:

Revised version of dissertation (Ph.D.) entitled "Roman money in the late Republic"--Columbia University, 2002.

Includes bibliographical references (pages [157]-175) and indexes.

ISBN:

9004156496

9789004156494

OCLC:

76263483