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Unveiling the Historical Roots of Modern Banking
Paolo Zunoni delves into the historical foundations of banking, emphasizing the significance of understanding its origins to grasp the fundamental principles. Through thorough primary research, the chapter explores historical examples such as the first public bank in Venice, Banco Giro, which transformed public debt into purchasing power, showcasing the enduring relevance of financial concepts. The discussion also examines the role of debt in society and how it can provide leverage for individuals, institutions, and governments, shedding light on the interconnected nature of modern money and debt.
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