The Origins of Value: The Financial Innovations that Created Modern Capital MarketsWilliam N. Goetzmann, K. Geert Rouwenhorst Oxford University Press, 2005 - Всего страниц: 404 From the invention of interest in Mesopotamia and the origin of paper money in China, to the creation of mutual funds, inflation-indexed bonds, and global financial securities, here is a sweeping survey of financial innovations that have changed the world. Written by a distinguished group of experts--including Robert Shiller, Niall Ferguson, Valerie Hansen, and many others--and wonderfully illustrated with over one hundred color photographs of landmark financial documents (including the first paper money), The Origins of Value traces the evolution of finance through 4,000 years of history. Readers see how and why many of our most important financial tools and institutions--loans, interest rates, stocks, bonds, mutual funds, the corporation, and the New York Stock Exchange, to name a few--came into being. We see, for instance, how ancient Rome developed an early form of equity finance that resembles the modern corporation and read about the first modern corporation--the Dutch East India Company--and its innovative means of financing the exploration and expansion of European business ventures around the globe. We also meet remarkable financial innovators, such as the 13th century Italian Fibonacci of Pisa, whose mathematics of money became the foundation for later developments in the technology of Western European finance (and may explain why the West surpassed the East in financial sophistication). And we even discover a still-surviving "perpetuity" dating from the Dutch Age of Reason--an instrument that has been paying interest since the mid-17th century. Placing our current age of financial revolution in fascinating historical perspective, The Origins of Value tells a remarkable story of invention, illuminating many key episodes in the course of financial history. |
Содержание
Financial Innovations History | 3 |
1 The Invention of Interest | 17 |
2 Roman Shares | 31 |
3 How Business Was Conducted on the Chinese Silk Road During the Tang Dynasty 618907 | 43 |
4 The Origins of Paper Money in China | 65 |
A Government Voucher from the Southern Song | 91 |
The Evolution of the Technology of Financial Claims | 105 |
7 Fibonacci and the Financial Revolution | 123 |
12 Annuities in Early Modern Europe | 207 |
Innovating Theorist and Policymaker | 225 |
14 The Invention of InflationIndexed Bonds in Early America | 239 |
15 The Origins of Mutual Funds | 249 |
16 Transatlantic Paper and the Emergence of the American Capital Market | 271 |
17 The Origins of the New York Stock Exchange | 299 |
The Rothschilds and the Financing of the Holy Alliance 18181822 | 313 |
19 German Debt in the Twentieth Century | 327 |
8 Bonds and Government Debt in Italian CityStates 12501650 | 145 |
9 Venture Shares of the Dutch East India Company | 165 |
A Paying Instrument from the Golden Age of Dutch Finance | 177 |
11 Amsterdam as the Cradle of Modern Futures Trading and Options Trading 15501650 | 189 |
20 King Leopolds Bonds | 343 |
Notes | 359 |
395 | |
Часто встречающиеся слова и выражения
Abir American Amsterdam annuity Bank bills of exchange bonds borrowed brokers bronze coin Buttonwood Agreement CANAL MARITIME cash century certificate chapter China Chinese chirograph Congo Congress Continental continental currency contracts Coupon creditors debt dividends document dollar Dutch dynasty early economic Eendragt Europe example Fibonacci Financial Revolution forward contracts France French funds gap in text Genoa German guilders Holland huizi inflation-indexed bonds Insurance interest rate investment investors issued jiaozi Liber Abaci livres Lizhou loans London lunar MARITIME DE SUEZ mathematical ment merchants million modern monetary month Morris Nathan negotiatie Notaris obligations paid paper currency paper money pawnshop payments percent printed problem publicani Redeemed Rothschild rubber securities shares Sichuan silk Silk Road silver Sogdian Song Song dynasty tally tally sticks Tang tion tontine trade transactions transfer Turfan United Venice vouchers York