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The Economy of Pompeii$
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Miko Flohr and Andrew Wilson

Print publication date: 2016

Print ISBN-13: 9780198786573

Published to Oxford Scholarship Online: January 2017

DOI: 10.1093/acprof:oso/9780198786573.001.0001

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Currency and Credit in the Bay of Naples in the First Century AD

Currency and Credit in the Bay of Naples in the First Century AD

Chapter:
(p.363) 12 Currency and Credit in the Bay of Naples in the First Century AD
Source:
The Economy of Pompeii
Author(s):

Koenraad Verboven

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198786573.003.0013

This chapter discusses currency and credit in the entire Bay of Naples area. Focusing particularly on the first century AD, Verboven sketches the structural elements of the monetary economy of the region within which Pompeii functioned. Connecting evidence from within the city and the archive of the Sulpicii—found just outside Pompeii but referring principally to transactions at Puteoli—with literary and juridical texts, Verboven argues that, while coins were a dominant element in the regional money system, credit and accounting instruments played a crucial role in the regional economy, reducing transaction costs perhaps to an extent rare in many other places in the Roman world. Money in Pompeii was much more than just cash.

Keywords:   Bay of Naples, coins, credit, currency, first century ad, money, Pompeii, Puteoli

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