The first bank paper appeared with the formation of the De Bank Courant en Bank van Leening in 1752, and a number of issues were made over the next sixty years, which all tended to lose value over time due to lack of coin to back the paper.
22.
If it is the case that I'm wrong and the money multiplier story as indeed taken seriously by central bankers, then it is virtually certain that there will exist peer reviewed papers or internal academic central bank papers along the lines of " the critics of the money multiplier story are wrong and here's why ".
23.
His table first appeared in a World Bank paper in 1992, " Two Strategies for Economic Development : Using Ideas and Producing Ideas . " ( You can find some of this stuff at HTTP : / / WWW-Leland . Stanford . Edu / ( tilde ) Promer /; like many university professors, Romer maintains a home page .)
