Fractional reserve banking in the Roman Republic and Empire

Collins, Andrew and Walsh, John (2014) Fractional reserve banking in the Roman Republic and Empire. Ancient Society, 44 179-212. doi:10.2143/AS.44.0.3044804

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Author Collins, Andrew
Walsh, John
Title Fractional reserve banking in the Roman Republic and Empire
Journal name Ancient Society
ISSN 0066-1619
1783-1334
Publication date 2014
Year available 2014
Sub-type Article (original research)
DOI 10.2143/AS.44.0.3044804
Open Access Status
Volume 44
Start page 179
End page 212
Total pages 34
Place of publication Leuven, Belgium
Publisher Peeters Publishers
Collection year 2015
Language eng
Abstract The banking systems of the modern world are characterised by fractional reserve banking, but that system also existed in the Roman empire. This paper examines the legal basis in Roman law for banking on fractional reserves, and refutes the notion that the practice was illegal at Rome. Secondly, the nature and economic effects of Roman fractional reserve banking are examined with reference to financial instruments, endogenous money and financial crises.
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2015 Collection
School of Historical and Philosophical Inquiry
 
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Created: Thu, 29 Jan 2015, 10:26:00 EST by Lucy O'Brien on behalf of School of Historical and Philosophical Inquiry