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Cl aptrr One Introduction ....... ...... .......1 i.l Roman lMoney and Roman Coinage ............. ....... 1 i2 P c and M oney ..................... ........ .................. 5 1.3 Barter and the Nature of the Roman Economy .............. 8 S M on tary er inoogy ......... ... .... ........... 12 Chapter Two Roman Coinage: Use, Volume and Composition 15 2.i Introduction ........... ...... ... ...................................... ......... 15 22 Silv C inage ................... 17 2.3 G old C oc nage . .... ................... .................................... ... 20 2.4 Blronz Coinage .......... .... .................... 24 25 C(onciusion ....... ...... ................ 30 Chapter T hree Financal Instruments ............................... . 31 3. 1 ntroduction ..................................... . ...................... ..... 3.2 Bulion . .. ... .... ..... ..... ... . ... ...... ........ 31 3 2.1 Bulion a Means of Pament .................. 31 3.2.2 Bulon as a Unit of Account ............ 33 3 .3 Bullion asa Measure of Value .................... 34 3.24 Bullion as a Store of Wealth ...... ............. .. 34 32.5 The Use and Circulation of Bullion ................... 35 3.2 6 C onclusion ............... .. ............... .... 38 3.3 3 inancialInstruments ......... .............. 39 33. 1 Pcrnndatz ns .. 40 3.3.2 g ap ha ..... ....................................................... 44 3 .3 .3 P ar ....................................................................... 4 8 3.3 .4 .n,m ina ............................................... .............. ........ 5 1 3.4 Financial Institutions ....................... . ........... ................ . 53 3.5 o n clu sio n ........................................................................ 5 7 Chapter Four Pecuniary Assets ....... ........... ............ 59 . 1 Introduction ...... ... 59 1.2 M eans of Paym ent .. ........................................................ 59 4 3 Stores of W ealth .... ........... .... ............... 75 4.4 M edia of Exchange ........ ... ................... 85 4.5 nits of Account ...... .................... 8 1.6 Conclusion ... ....... ... ...... 86 Chapter Five Monetary Zones .............. .............. 87 5.1 Introduction ...... ........ ............ ...... ........ 87 5 2 The Governmental Monetary Zone .............. ....... 89 5.2.1 Government Revenues ....... ........................... ... 90 52.2 Government Expenses ................................. 97 5.2.3 Internal C irculation ................................................ 101 ,.2.4 C onclusion ............................................................ 103 5.3 The Commercial Monetary Zone: Coinage in Long-distance Trade .... ...................... . 104 5.4 The Urban Monetary Zone ...................... ........ 5.5 Redistribution: Limits to Urban Monetiation ........... . 118 56 The Rural M onetary Zone .... . .................. ...... 122 Chapter Six The Demand for Roman Money ........ ..... 37 6 1 Introduction ....................................................................... 137 6.2 Quantity Theory 137 6.3 The Demand for M oney ..... ............... ....... .. .......... 141 6.4 Demand in the Late Republic ...................................... 144 6.5 Changes in Demand ........... ........... ..49 6.6 Econom ic Growth .......................... ................... 153 6.7 Conclusion ..... ..... . ............................ 155