dc.contributor.author | BOERNER, Lars | |
dc.contributor.author | VOLCKART, Oliver | |
dc.date.accessioned | 2008-11-27T13:45:03Z | |
dc.date.available | 2008-11-27T13:45:03Z | |
dc.date.issued | 2008 | |
dc.identifier.issn | 1830-7728 | |
dc.identifier.uri | https://hdl.handle.net/1814/9889 | |
dc.description.abstract | This paper employs a new method and dataset to estimate the effect of currency unions on the integration of financial markets in late medieval Central Europe. The analysis reveals that membership of a union strongly and significantly correlated with wellintegrated markets. We also examine whether currency unions were endogenous. Our results indicate that markets were significantly better integrated prior to the formation of a union. In addition, we show that currency unions established by autonomous merchant towns were better integrated than unions implemented by territorial rulers. The overall implication is that late medieval Central European monetary diversity was a corollary of weakly integrated markets. | en |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.publisher | European University Institute | |
dc.relation.ispartofseries | EUI MWP | en |
dc.relation.ispartofseries | 2008/42 | en |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.subject | Financial market integration | en |
dc.subject | currency unions | en |
dc.subject | Late Medieval Europe | en |
dc.subject | F33 | en |
dc.subject | G15 | en |
dc.subject | N23 | en |
dc.title | Currency Unions, Optimal Currency Areas and the Integration of Financial Markets: Central Europe from the Fourteenth to the Sixteenth Centuries | en |
dc.type | Working Paper | en |
dc.neeo.contributor | BOERNER|Lars|aut| | |
dc.neeo.contributor | VOLCKART|Oliver|aut| | |
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