The Evolution of Central Banking: Theory and History

Authors: Ugolini, Stefano

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New approach moves beyond Anglo-American bias
Avoids focus on institutions
Takes a broader view of the evolution of central banks to avoid teleological assessment

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About this book: This book is the first complete survey of the evolution of monetary institutions and practices in Western countries from the Middle Ages to today. It radically rethinks previous attempts at a history of monetary institutions by avoiding institutional approach and shifting the focus away from the Anglo-American experience. Previous histories have been hamstrung by the linear, teleological assessment of the evolution of central banks. Free from such assumptions, Ugolini’s work offers bankers and policymakers valuable and profound insights into their institutions.
Using a functional approach, Ugolini charts an historical trajectory longer and broader than any other attempted on the subject. Moving away from the Anglo-American perspective, the book allows for a richer (and less biased) analysis of long-term trends. The book is ideal for researchers looking to better understand the evolution of the institutions that underlie the global economy.

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About the authors: Stefano Ugolini is Assistant Professor of Economics at the University of Toulouse.

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Table of contents (6 chapters)