Private Money Production without Banks
NBER Working Paper No. 26663
---- Acknowledgments ----
This paper has benefitted enormously from the comments and suggestions of Olivier Accominotti and Stefano Ugolini. Also, thanks to Will Goetzmann, Charles Goodhart, Kate Hurst, Paul Schmelzing, Guillaume Vuillemey, Paolo Zannoni, Arwin Zeissler and participants in the Yale Economic History Lunch Group for comments and suggestions. Thanks to Jorge Colmenares-Miralles, Arwin Zeissler and Nicole Gorton for research assistance. Thanks to Kate Hurst for archival research on identifying the names of drawers, drawees, and indorsers. For archival work on the bills, and help with archives, thanks to Andrew Lewis, Umut Kav, Val Wilson, Nathaniel Stevenson, Jessica Minshull, Karen Young, James Darby, Lyn Crawford, Karen Sampson, Alison Mussell, Caroline Picco, Keri Nicholson, Sally Cholewa, and Sophie Volker. Thanks to John Nann, Stacia Stein, and Teresa Miguel-Stearns for help with legal cases. Also, thanks for help from Gregory Clark. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.