The ascent of money: a financial history of the world

Cepni, Elif

doi:10.1080/00076791003612382

Cited by 8 publications

(19 citation statements)

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“…Finally, one cannot overlook the ability of history to shine a revealing light on contemporary reality. As Ferguson (2018) writes in The Ascent of Money (2018: 163), 'there really is no such thing as "the future", singular. There are only multiple, unforeseeable futures, which will never lose their capacity to take us by surprise.'…”

Section: How About Some History?mentioning

confidence: 99%

Leader-in-context and historical leadership research

Sanders

2023

Leadership

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Context remains an undervalued property in leadership studies (LS). After diagnosing some of the reasons for the dominance of leader centrism in LS, the article turns its attention to remedies. In doing so, it outlines a formula for what should be the prime lens in LS: the way in which leader and context interact, and how this is related to outcomes. Arguing that this leader-in-context is key to the understanding of leadership, the article suggests turning to history for modelling. As a discipline, history is well-suited to providing answers as to which part in specific outcomes are attributable to contextual factors, and which part belongs to the leader. The suggested method of leader-context attribution turns around comparative research and hermeneutics, supplemented by a dose of contrarianism. This allows for the determination of leitmotifs, two of which - context dependency and leadership as an organizational process that leverages collective force - are sketched in detail, through the use of case study material. Another fixture of the historical method that can be put to good use in investigating leader-context is kairos - the capacity to recognize, choose and capitalize on the opportune moment, and maintain momentum. The article concludes with a brief outlook on research desiderata; on how to take this new historical perspective in LS to the next level of scientific probity; and on the obstacles that stand in the way of this agenda.

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Section: How About Some History?mentioning

confidence: 99%

Leader-in-context and historical leadership research

Sanders

2023

Leadership

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“…Hence, this study to critically investigate the existence of multiple bubbles in the Nigerian stock market using quantitative procedures. These quantitative processes assist market regulators and other participants to effectively survey market behaviors' such as upsurges in inflation and interest ratesusing the early-warning signs exhibited by the statistics [38,23]. Most of the literature have criticized the techniques adopted for unearthing over pricing or absolute mispricing, such as the Relative Deviation technique, Relative Absolute Deviation, Average Bias, Total Dispersion, Cointegration,and the supremum Augmented Dickey-Fuller test [12,39,23,35,40,14];while some have questionedthe type of data employed or sampling period covered.…”

Section: Introductionmentioning

confidence: 99%

Testing for Multiple Bubbles in the Nigerian Stock Exchange

Olulu-Briggs¹,

Sunday²

2023

Saudi J Econ Fin

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Monthly All Share Index data from 1985M01-2021M12 was sourced from the Central Bank of Nigeria and the Central Securities Clearing System of the Nigerian Stock Exchange; to analyze multiple bubble periods. The supremum Augmented Dickey Fuller (SADF) and Generalized supremum Augmented Dickey Fuller (GSADF) quantitative model with 1000 repetitions along with a window size of 42 was selected to carry out the Monte Carlo simulation at the 95% confidence level. From the Backward SADF estimation, three periods of explosive pricing and collapses were detected. The study therefore recommends that market regulators should promote market information and support regular training of market participants to stem speculations and reduce arbitrage. Overall, well-informed risk management practices should be established to guard against market losses.

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“…Even though it is without precedent, the development of the global payment infrastructure takes time (Segendorf & Skingsley, 2022). In the early 1300s, the Medici Family established payment instruments and ledgers that are still present in today's global payment infrastructure (de Roover, 1963;Ferguson, 2008). Similarly, recent developments with Blockchain technology and cryptocurrencies encompass a temporally long development that extends to the cryptographic advancements of Merkle Trees since 1979 (Merkle, 1979).…”

Section: The Anomaly Of Continuity In Global Payment Infrastructurementioning

confidence: 99%

“…The plethora of coinage instruments, and the difficulty of determining exchange value between them, made long-distance payments difficult. By improving exchange services, the House of Medici became among the wealthiest families in Europe (Ferguson, 2008). Even though the growth and influence of the family started in Italy, the family came to influence and expand across Europe through the Medici Bank and its underlying paper payment instruments and ledgers.…”

Section: Paper Payment Instruments and Ledgersmentioning

confidence: 99%

“…The powerful Medici family began at humble tables in the streets of Italy. Before 1390, the family members were considered more gangsters than bankers, with five of its members sentenced to death for capital crimes (Ferguson, 2008). It was until Giovanni di Bicci de Medici that the family house grew and became influential through its Medici Bank.…”

Section: Paper Payment Instruments and Ledgersmentioning

confidence: 99%

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It is Along Ways: Global Payment Infrastructure in Movement

Giraldo-Mora

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This work reveals movement in infrastructure development through an anomaly in the global payment infrastructure. The anomaly is that while the global payment infrastructure develops without precedent, the infrastructure takes time to develop and does not easily leave anything behind. Based on abduction, the research builds a data corpus of past, present, and future global payment infrastructure, 1973–2030, including accounts of global payment organisations, historical reports, and narrative interviews. By juxtaposing these data with studies on infrastructure and following the work of Heidegger and Bateson, the research reveals movement through what the author terms infrastructural ways. The global payment infrastructure forms and develops because there are infrastructural ways for global payment to be objects, pass as real, and result from action. Granular homogenisation, irreversible validation, and ubiquitous causation are such ways. Moving along, hurtling, swaying, and rippling are the infrastructural ways for global payment to be objects passing as real, pass as real with action, and result from active objects. These findings clarify through movement how the global payment infrastructure develops. In doing so, this work contributes an ontological approach that revisits the predominant assumptions about infrastructure development, which emphasise the persistence and change of infrastructure.

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The ascent of money: a financial history of the world

Abstract: The ascent of money: a financial history of the world, by Niall Ferguson, London, Penguin Books, 2009, v þ 442 pp., figures, tables, photos, index, £9.99 (paperback), ISBN 978-0-141-03548-

Cited by 8 publications

References 0 publications

Leader-in-context and historical leadership research

Leader-in-context and historical leadership research

Testing for Multiple Bubbles in the Nigerian Stock Exchange

It is Along Ways: Global Payment Infrastructure in Movement

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