ABSTRACT

This chapter analyzes how the legal concept of property was created in the image of money during the late Roman Republic. It identifies that the concept of property rights from its origin is intertwined with the concept of money. The latter part of this book demonstrates that contemporary banking, including commercial and shadow banking, creates money by mirroring credit in the image of rights in rem. Consequently, this book argues that the development of money and the legal concept of property has been intertwined; that is, money and rights in rem have tended to mirror each other historically.