TITLE

VICTOR PLACE AS EARLY ADVOCATE OF FRACTIONAL RESERVE CENTRAL BANKING IN ROMANIA

AUTHOR(S)
Smirna, Tudor Gherasim
PUB. DATE
March 2016
SOURCE
Review of Social & Economic Issues;Spring2016, Vol. 1 Issue 3, p57
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses two early documents on the theory and policy of money and banking in Romania. They are authored by Victor Place, a French diplomat and Consul in the Principality of Moldavia, whose role in the institutional transformation of the country cannot be underestimated. The two documents analyze the design and the problems of banking in the Principalities. The author's attempt to offer a systematic treatment gives me the opportunity to show his errors and contradictions in light of modern theory. In order to understand what were the other available policy alternatives for the emerging Romanian state, I will also put his analysis in contemporaneous Western perspective.
ACCESSION #
118052182

 

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