Will Roberds and Steve Quinn on the Original Central Bank: the Bank of Amsterdam

罗伯特斯与史蒂夫·奎因关于原中央银行:阿姆斯特丹银行

Macro Musings with David Beckworth

2025-10-27

57 分钟
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Will Roberds is an economist emeritus of the research department of the Federal Reserve Bank of Atlanta. Steve Quinn is a professor of economics at Texas Christian University. In Will and Steve’s first appearance on the show they discuss the historical significance of the Bank of Amsterdam, The use of ledger at the Bank of Amsterdam, It’s use of repo and open market operations, it’s connection to central banking today, and much more. Check out the transcript for this week’s episode, now with links. Recorded on September 23rd, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:00:53 - Bank of Amsterdam 00:10:31 - Bank of Amsterdam’s Ledger 00:32:09 - Motivations 00:36:49 - Seven Years’ War 00:40:53 - The Repo Versus the Open Market 00:56:30 - Outro
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  • Welcome to Macro Musings,

  • where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past,

  • present, and future.

  • I am your host, David Beckworth,

  • a senior research fellow with the Mercatus Center at George Mason University,

  • and I'm glad you decided to join us.

  • Our guests today are Steve Quinn and Will Roberts.

  • Steve is a full professor of economics at Texas Christian University,

  • and Will is an economist emeritus of the research department of the Federal Reserve Bank of Atlanta.

  • Steve and Will join us today to discuss their recent and riveting book titled,

  • How a Ledger Became a Central Bank, a Monetary History of the Bank of Amsterdam.

  • Steve and Will, welcome to the program.

  • Thank you.

  • Thank you.

  • Delighted to be here.

  • Well, it's great to have you on.

  • And when I say riveting, I mean it.

  • Now, the title might lead one to think ledger, central bank.

  • It's almost an accounting sign in textbook.

  • But it's a really interesting history of how the bank of Amsterdam emerged and became an important central bank in early history.