Money, States, and Empire: Financial Integration and Institutional Change in Central Europe, 1400-1520

• 成果类型: Article
• 署名作者: University of London; London School Economics & Political Science
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050711001914
• 发表日期: 2011
• 页码: 762-791
• 关键词: market integration; medieval; EFFICIENCY; COSTS

摘要

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.