WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
00:00
The Bank of England
The bank of england became, i guess, the blueprint for central, modern central banks as we know them. Cazettt: The pyramid is very simplified look at the international monetary system because it doesn't even include the commercial banking industries within those countries that are anchored to each one of those currencies. And then you have currencies at the bottom layer, like the pound, us. Dollars, french ranks, german marks, et cetera.
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