Date: 2011
Type: Article
Money, states and empire : financial integration and institutional change in Central Europe, 1400-1520
Journal of economic history, 2011, Vol. 71, No. 3, pp. 762-791
CHILOSI, David, VOLCKART, Oliver, Money, states and empire : financial integration and institutional change in Central Europe, 1400-1520, Journal of economic history, 2011, Vol. 71, No. 3, pp. 762-791
- https://hdl.handle.net/1814/40165
Retrieved from Cadmus, EUI Research Repository
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.
Additional information:
Published online: 13 September 2011
Cadmus permanent link: https://hdl.handle.net/1814/40165
Full-text via DOI: 10.1017/S0022050711001914
ISSN: 0022-0507; 1471-6372
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