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Monetary Zones

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Chapter Summary

This chapter examines each of the monetary zones such as rural, urban, governmental and commercial monetary zones with regard to the nature of the demand for money within it. It has two main goals. The first goal is to gauge the level of monetization within each zone, i.e. the extent to which coinage was used for payments, exchange and so forth. The second goal is to consider the extent to which other forms of money and assets with monetary functions reduced the demand for coinage in these zones. It is only by examining this issue that we can hope to understand the effect on the Roman economy of the vast increase in the supply of coins in the late Republic. The Roman government minted large numbers of coins annually throughout the Republic. However, the analysis of Roman revenues and expenditures shows that the government’s need for coinage did have limits.

Keywords: BCE; Cicero’s writings; late Republic; monetary zones; Roman government



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