Archived

This repository has been archived on 2026-07-08. You can view files and clone it. You cannot open issues or pull requests or push a commit.

Files

tegwick a687e508f3 infospace: process book-4-chapter-03

Extract entities, map to VSM, and synthesize analysis.

2026-02-19 21:31:40 +01:00

751 B

Raw Blame History

Agio of Bank Money

Definition

The premium or discount at which bank money (representing deposits of precious metal at banks like Amsterdam) trades relative to current currency in circulation. This premium reflects the superior quality and reliability of bank money compared to debased or worn circulating currency.

Source Chapter

Book IV, Chapter 3

Context

Smith explains how the agio varies based on the relative quality of bank money versus current currency, and how banks like Amsterdam's manipulate the agio to prevent stock-jobbing while maintaining currency stability.

Economic Domain

Exchange

751 B Raw Blame History