Chilosi, David ORCID: 0000-0002-2251-0381, Schulze, Max-Stephan ORCID: 0000-0001-7486-5734 and Volckart, Oliver ORCID: 0000-0001-7330-111X (2018) Benefits of empire? Capital market integration north and south of the Alps, 1350-1800. Journal of Economic History, 78 (3). 637 - 672. ISSN 0022-0507
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Abstract
This paper addresses two questions. First, when and to what extent did capital markets integrate north and south of the Alps? Second, how mobile was capital? Analysing a unique new dataset on pre-modern urban annuities, we find that northern markets were consistently better integrated than Italian markets. Long-term integration was driven by initially peripheral places in the Netherlands and Upper Germany integrating with the rest of the Holy Roman Empire where the distance and volume of inter-urban investments grew primarily in the sixteenth century. The institutions of the Empire contributed to stronger market integration north of the Alps
Item Type: | Article |
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Official URL: | https://www.cambridge.org/core/journals/journal-of... |
Additional Information: | © 2018 The Authors |
Divisions: | Economic History |
Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
Date Deposited: | 26 Jan 2018 16:33 |
Last Modified: | 26 Oct 2024 00:09 |
Projects: | RPG-133 |
Funders: | Leverhulme Trust |
URI: | http://eprints.lse.ac.uk/id/eprint/86561 |
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