Landschaften as Credit PurveyorsThe Example of East Prussia
成果类型：
Article
署名作者：
Occidental College
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050715001060
发表日期：
2015
页码：
791-818
关键词：
摘要：
Landschaften were cooperative mortgage associations that emerged in Prussia after the Seven Years War (1756-1763) to support the Prussian landed nobility. Landschaften issued covered mortgage bonds, called Pfandbriefe, which helped re-capitalize the Prussian estates. Relying on mortgage data for 554 estates, this article provides a detailed look at one of these institutionsthe Landschaft of East Prussia. The article offers insights into the self-selection of participants and the distribution of credit. It also gives a quantitative assessment of the economic effects of the Landschaften with respect to ownership patterns and estate size.