User:Volunteer Marek/Piast monetary policy

Piast monetary policy refers to the economic history of money, coinage and monetary policy carried out during the Piast dynasty in Poland, between roughly the 8th century AD and the end of the 14th century.

Before 966 AD

 * Roman coins on Polish soil. Most coins of foreign origin, mostly Byzantine. Domestic minting of coin comes in only with introduction of Christianity.

From Mieszko I to Boleslaw Wrymouth

 * Starts of with high-specie content of coins. Due to lack of significant supply of domestic specie (except Zlotoryja), this goes down over time. "Bad money drives out the good". Most of specie for coins comes from loot or trade. Legal codification of rights to seigniorage. Exceptions for the Church. Right to mint vs. right to "stamp".

During the Feudal Fragmentation period
BK's testament and intentions. Until xxxx single currency survives, but as fragmentation proceeds so does the right to mint coins. Cities, monasteries, abby's mint own coin. Sort of like "free banking era".