Money and Banking in Medieval and Renaissance Venice Rosemary Sheehan Penn State University Author &

Penn State University Author & Founder

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Money and Banking in Medieval and Renaissance Venice Rosemary Sheehan Penn State University Author &Frederic C. Lane and Reinhold C. Mueller, in the first volume of Money and Banking in Medieval and Renaissance Venice, discuss Venice's economic achievement in terms of the complex system the city's inhabitants developed to manage moneys of account and coins. Money merchants of Venice developed a system whereby a premium attached to moneys of account acted as a stabilizing force and allowed merchants to engage in long term trade. This system,