Chilosi, David 
ORCID: 0000-0002-2251-0381, Schulze, Max-Stephan and Volckart, Oliver
(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 |
|---|---|
| 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: | 08 Apr 2024 07:03 |
| Projects: | RPG-133 |
| Funders: | Leverhulme Trust |
| URI: | http://eprints.lse.ac.uk/id/eprint/86561 |
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