Benefits of Empire? Capital Market Integration North and South of the Alps, 1350–1800
2018 ◽
Vol 78
(3)
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pp. 637-672
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Keyword(s):
The Alps
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This article addresses two questions. First, when and to what extent did capital markets integrate north and south of the Alps? Second, how mobile was capital? Analysing a unique new dataset on pre-modern urban annuities, we find that northern markets were consistently better integrated than Italian markets. Long-term integration was driven by initially peripheral places in the Netherlands and Upper Germany integrating with the rest of the Holy Roman Empire where the distance and volume of inter-urban investments grew primarily in the sixteenth century. The institutions of the Empire contributed to stronger market integration north of the Alps.
1992 ◽
Vol 117
(2)
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pp. 181-207
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Keyword(s):
1992 ◽
Vol 47
(1)
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pp. 43-69
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Keyword(s):
Keyword(s):
Keyword(s):
Keyword(s):
1996 ◽
Vol 6
(2)
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pp. 91-101
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