Abstract
The history of central banking goes back to the seventeenth century, with the establishment of the Bank of Amsterdam in 1609 (Quinn and Roberds, 2009), that was followed by the foundation of the Swedish Riksbank in 1668. One of the most well-known central banks in Europe, the Bank of England, was established in 1694 with the goal of purchasing government debt and financing the King’s military campaign. The establishment of the Banque de France in 1800 aimed to stabilize the hyperinflation of paper money and to aid government finance (Bordo, 2007; Lykogiannis, 2003).
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© 2012 Fotios Pasiouras
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Pasiouras, F. (2012). Central Banking and Policy Responses to the Crisis. In: Greek Banking. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137271570_4
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DOI: https://doi.org/10.1057/9781137271570_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-34733-9
Online ISBN: 978-1-137-27157-0
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