-
作者：University of London; London School Economics & Political Science
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 shoul...
-
作者：University of South Wales
-
作者：University of California System; University of California Berkeley
-
作者：University of Arizona
-
作者：Stanford University
摘要：I reexamine Douglass North and Barry Weingast's argument regarding credible commitment and sovereign debt in post-revolution England. The central problem that the architects of the revolution settlement had to solve, I argue, was not the king's frequent reneging on financial commitments (a symptom), but the moral hazard that generated the kings' malfeasance (the underlying cause). The central element of the revolution settlement was thus not better holding kings to their commitments, but bette...
-
作者：Macquarie University
-
作者：University of Rochester
-
作者：Texas Tech University System; Texas Tech University
-
作者：IMT School for Advanced Studies Lucca; European University Institute
摘要：We examine the relationships between warfare, taxation, and political change in the context of the political unification of the Italian peninsula. Using a comprehensive new database, we argue that external and internal threat environments had significant implications for the demand for military strength, which in turn had important ramifications for fiscal policy and the likelihood of constitutional reform and related improvements in the provision of nonmilitary public services. Our analytic n...
-
作者：Simon Fraser University
