Chilosi, David 
ORCID: 0000-0002-2251-0381 and Volckart, Oliver ORCID: 0000-0001-7330-111X
(2011)
Money, states, and empire: financial integration and institutional change in Central Europe, 1400–1520.
Journal of Economic History, 71 (03).
pp. 762-791.
ISSN 0022-0507
Abstract
By analyzing a newly compiled database of exchange rates, this article finds that in Central Europe money markets integrated cyclically during the fifteenth century. The cycles were associated with monetary debasements. Long-distance financial integration progressed in connection with the rise of the territorial state, facilitated by the synergy between princes and emperor, which helped to avoid coordination failures. For Central Europe, theories of state formation and market integration should therefore take interstate actors into account
| Item Type: | Article |
|---|---|
| Official URL: | http://eh.net/eha/publications/journal-economic-hi... |
| Additional Information: | © 2011 The Economic History Association |
| Divisions: | Economic History |
| Subjects: | D History General and Old World > D History (General) > D111 Medieval History H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance J Political Science > JF Political institutions (General) |
| JEL classification: | N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations > N13 - Europe: Pre-1913 N - Economic History > N4 - Government, War, Law, and Regulation > N43 - Europe: Pre-1913 |
| Date Deposited: | 20 Dec 2011 09:06 |
| Last Modified: | 01 Nov 2024 05:21 |
| URI: | http://eprints.lse.ac.uk/id/eprint/40798 |
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