Start hereDictionarySearch
English
日本語English中文ItalianoFrançaisDeutschEspañol
Sign in Fees and how to study
NOMISMA
Read history Money history: the world and JapanBubbles, frauds and financial crisesPeople who changed moneyReadingsSee all of Read history
Understand how money works Banks and depositsInterest, prices and exchange ratesCash and digital paymentsHistory's lessons for today's decisionsSee all of Understand how money works
Look at coins Browse by photoImages, letters and materialsCare, storage and tradingSee all of Look at coins
Start hereDictionarySearch
Fees and how to study Sign in
Language
日本語English中文ItalianoFrançaisDeutschEspañol
Understand how money works

Banks and deposits

Why can the number in your bank account be used as money? Read how banks create deposits and connect payments, through courses and historical crises.

Courses

How Banks, Interest Rates, and Prices WorkYour pay has not changed, yet the same shopping as last year now adds up to a bigger receipt.Connecting Cash, Deposits, and the Central BankFrom account balances to bank ledgers. We examine in detail the connections between lending, settlement, government bonds, and the central bank.History of Banks and CreditTransacting with strangers and paying over long distances. At such times, someone verifies the other party and underwrites the risk of non-payment.Why can banknotes be used as money?From notes exchangeable for metal to notes that do not promise exchange. We will compare the systems that support banknotes.When the Credit of Paper Money CollapsedWhat happened before paper money fell out of use? We will examine the decisions of those who tried to support the system.

Everyday money notes

How to read the news — Reading "cash is disappearing" from the denominatorWhat does the headline "Cashless Ratio Surges" say has increased?

Famous money crises

Global Financial Crisis 2007–09The Panic of 1907

Then and now

Creating money from creditOn whose ledger does that balance exist?What is offered to secure credit?What can the counterparty accept without doubt?Who promises "safety"?Behind the words "guaranteed" and "backed," who is offering what, and up to what amount?

See all of Understand how money works →

Price

After purchase, the full courses, the illustrated books, every country’s story and the numismatics examination are open to you.

See the price →