Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (17799)	4/4/2002 8:07:03 AM
From: Louis V. Lambrecht	Read Replies (1) of 74559

cb - lots a fun <g> I had in memory that the Lombards were bankers. The "Lombard rate" (n. (EN) Rate at which a central bank provides loans to banks secured against first class paper. glossaries.axone.ch ) is still used in financial lingo. Outside the FOMC <vbg>. If I am correct, Arabic merchants had a sort of non-written bill of exchange, promisses to pay, that still functions today. Found an ancient example of bill of exchange economics.utoronto.ca between Bruges (Belgium) and Barcelona (Spain) dated 1399. Double-entry bookkeeping came in the same period (Genoa 14th century), but at merchants (no bankers) ams.org franzarlinghaus.de EDIT: How did Marco Polo paid the Chinese silk?

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