Money in the Late Roman Republic (Hardback)
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Short Description for Money in the Late Roman Republic Like coinage, bullion, financial instruments and a variety of commodities played an important role in Rome's monetary system. This book examines how the availability of such assets affected the demand for coinage and the development of the late Republican economy.
- Published: 31 March 2007
- Format: Hardback 196 pages
- ISBN 13: 9789004156494 ISBN 10: 9004156496
Full description for Money in the Late Roman Republic
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 of 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.