The late medieval bullion famine reconsidered
成果类型：
Article
署名作者：
Hebrew University of Jerusalem
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050700019914
发表日期：
1998
页码：
126-154
关键词：
摘要：
The bullion famine, manifested in chronic balance-of-payments deficits with the East, is widely cited as the cause of the great depression of the Renaissance. Adapting the monetary approach to the balance-of-payments model to the medieval commodity money setting this article shows that western Europe could not suffer a balance-of-payments deficit and bullion shortage simultaneously. New data show that it is unlikely that France suffered a shortage of silver from 1360 to 1415. Minting volumes diverged between regions according to economic fortunes. Excess silver stocks were likely hoarded rather than exported.