Money: a Treasury-centric view

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• Mario Pisani (HM Treasury and King's College, London)
• Monday 17 March 2025, 17:00-18:30
• John Bradfield Room, Darwin College and Zoom.

If you have a question about this talk, please contact Dr Duncan Needham.

For markets to function a medium of exchange is required – money – but what gives value to our money? In the world of fiat money, value is not linked to an amount of precious metal, but an ability to transact predictably over time. This, in turn, is derived from the trust, stability and security of a currency. I argue that such characteristics are a function of the capacity of state institutions to safeguard them. This is because in any given currency, the ultimate safe assets are those that give you a claim on the state itself: state-issued money, central bank assets, or government securities. I explore the role of the Treasury and other state institutions in safeguarding the value of money

This talk is part of the Financial History Seminar series.

This talk is included in these lists:

• AUB_Cambridge Seminars
• CERF and CF Events
• Centre for Health Leadership and Enterprise
• Chris Davis' list
• Darwin Lectures and Seminars
• Economic and Social History Seminars
• Economics and Philosophy
• Financial History Seminar
• John Bradfield Room, Darwin College and Zoom
• Neurons, Fake News, DNA and your iPhone: The Mathematics of Information
• history

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