Cookies Policy
X

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Introduction

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

Today, the idea that capital markets are a necessary precondition for economic growth is very popular. If well-functioning capital markets are indeed a characteristic of the West, setting it apart from the Third World, it is likely such markets contributed to the distinct economic development that Western Europe experienced after 1000 A.D. Surprisingly, scholars have ignored this possibility. Today, historians tend to stress the capital-intensive character of the economies of several medieval regions. Capital markets are institutional frameworks allowing debtors to contract obligations for longer than a year, which they use to accumulate capital. Capital markets funnel money from savers to investors that would otherwise remain idle. In the 17th century the Dutch Republic was the centre of capitalism in Europe. Historians have advanced a number of explanations for Holland's medieval commercialization.

Keywords: capital markets; debtors; economic growth; Holland; investors; Western Europe

10.1163/ej.9789004175655.i-320.7
/content/books/10.1163/ej.9789004175655.i-320.7
dcterms_subject,pub_keyword
6
3
Loading

Sign-in

Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
     
    Medieval Capital Markets — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation