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Books or bullion? Printing, mining and financial integration in Central Europe from the 1460s

Chilosi, David and Volckart, Oliver (2010) Books or bullion? Printing, mining and financial integration in Central Europe from the 1460s. Economic History Working Papers, 144/10. Department of Economic History, London School of Economics and Political Science, London, UK.

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Abstract

This paper examines the role of the advent of printing and the mining boom in explaining financial integration in Central Europe from the 1460s. It finds that changes in liquidity were not a major determinant of financial integration, but the mining boom fostered financial links between the mining districts and the rest of the region. Printing promoted financial integration mainly because it triggered a fall in the costs of transmitting information rather than because it facilitated human capital formation or institutional change. The financial significance of the advent of printing was comparable to that of the mining boom.

Item Type: Monograph (Working Paper)
Official URL: http://www2.lse.ac.uk/economicHistory/workingPaper...
Additional Information: © 2010 David Chilosi & Oliver Volckart
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Sets: Departments > Economic History
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 144/10
Date Deposited: 10 Aug 2010 15:33
URL: http://eprints.lse.ac.uk/28986/

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