REDISTRIBUTION AND LONG-TERM PRIVATE DEBT IN PARIS, 1660-1726

• 成果类型: Article
• 署名作者: INRAE; University of California System; University of California Los Angeles
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S002205070004105X
• 发表日期: 1995
• 页码: 256-284
• 关键词: credit markets; france

摘要

Based on a large sample from Parisian notarial records, this article examines the long-term private credit market in Paris in the late seventeenth and early eighteenth centuries and analyzes how it was affected by government-caused redistribution. It estimates the level of private indebtedness from 1662 to 1789, explains the problems the credit market faced, and determines who profited and who lost when government defaults, banking reforms, and currency manipulations struck private borrowers and lenders. It concludes by accounting for the expansion of the credit market in the last half of the eighteenth century.