The Evolution of Central Banking: Theory and History

  • Stefano Ugolini

Part of the Palgrave Studies in Economic History book series (PEHS)

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Stefano Ugolini
    Pages 1-19
  3. Stefano Ugolini
    Pages 21-100
  4. Stefano Ugolini
    Pages 101-163
  5. Stefano Ugolini
    Pages 165-206
  6. Stefano Ugolini
    Pages 207-262
  7. Stefano Ugolini
    Pages 263-271
  8. Back Matter
    Pages 273-330

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.


Banking Central banking History of Italy History of Economics Evolutionary Economics

Authors and affiliations

  • Stefano Ugolini
    • 1
  1. 1.Sciences Po Toulouse and LEREPSUniversity of ToulouseToulouseFrance

Bibliographic information

Industry Sectors
Finance, Business & Banking