Abstract
Banking has an established history of at least 37 centuries, according to some accounts. Historical evidence supports the likelihood of the existence of banking-type organizations for almost two millennia before Christ. One of the earliest evidences of banking operations dates from the Code of Hammurabi, the founder of the Babylonian Empire (1728–1686 BC). It laid down the standards of banking procedures as a uniform public law.
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Notes
D.N. Chorafas, The Money Magnet. Regulating International Finance and Analyzing Money Flows (London: Euromoney, 1997).
See D.N. Chorafas, Derivative Financial Instruments. Strategies for Managing Risk and Return in Banking (London and Dublin: Lafferty, 1995).
Bray Hammong, Banks and Politics in America (Princeton: Princeton University Press, 1957).
D.N. Chorafas, Measuring Returns on Technology Investments (London and Dublin: Lafferty, 1993).
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© 1999 Dimitris N. Chorafas
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Chorafas, D.N. (1999). Money, the Banks and the Bankers. In: The Commercial Banking Handbook. Palgrave Macmillan, London. https://doi.org/10.1057/9780230379084_1
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DOI: https://doi.org/10.1057/9780230379084_1
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