Abstract
[Autom. eng. transl.] The essay presents the concept and practice of the split / split coin. Two issues are indicated that can be represented by two participants, with similar but not identical meanings: the concerted practice of breaking the currency refers to moments of growth in traffic and the need to keep the circulating medium in balance between two needs: stability and elasticity. The splitting of money refers to the distinction that has always been present in monetary history: large money and small money or means for international exchanges and means for local exchanges. According to the authors, this set of phenomena has led to the amplification of some components present in the exchange relationships such as the binomial trust / reputation of the various subjects; the derivation of value with the replacement of monetary securities, resulting from the need to spread trust and reputation; the role of the guarantor of political power; seigniorage practices, legal tender currency up to "fiat" currency. Two related issues that allow us to identify one of the relevant points in the transition from money / commodity to money / sign in broken / fractionated money.
| Translated title of the contribution | [Machine translation] Silver scarcity and financial innovation. Currency/commodity and value derivation at the dawn of Western economic growth |
|---|---|
| Original language | Italian |
| Title of host publication | RASSEGNA GALLARATESE DI STORIA E D'ARTE |
| Publisher | Prodigi |
| Pages | 134-144 |
| Number of pages | 11 |
| Volume | 138 |
| ISBN (Print) | 9788899061395 |
| Publication status | Published - 2020 |
Keywords
- Moneta