IDEAS home Printed from https://ideas.repec.org/a/cup/fihrev/v18y2011i01p91-117_00.html
   My bibliography  Save this article

The absence of public exchange banks in medieval and early modern Flanders and Brabant (1400–1800): a historical anomaly to be explained

Author

Listed:
  • Aerts, Erik

Abstract

The article aims to present an explanation for the complete absence of public municipal banks in the Southern Low Countries, and particularly in its two main principalities Flanders and Brabant, between 1400 and 1800. The reasons were complex, lying in a combination of the presence of adequate substitutes such as money changers, cashiers and town exchange offices (stadswissels) and countervailing factors (adverse economic conditions, insufficient financial resources, special interests of persons and lobbies). It is also argued that strong government control of the Antwerp urban debt prevented the local authorities from experimenting with a municipal bank.

Suggested Citation

  • Aerts, Erik, 2011. "The absence of public exchange banks in medieval and early modern Flanders and Brabant (1400–1800): a historical anomaly to be explained," Financial History Review, Cambridge University Press, vol. 18(1), pages 91-117, April.
    • Handle: RePEc:cup:fihrev:v:18:y:2011:i:01:p:91-117_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0968565010000260/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michael D. Bordo & William Roberds, 2022. "Central Bank Digital Currencies, an Old Tale With a New Chapter," NBER Working Papers 30709, National Bureau of Economic Research, Inc.
    2. William Roberds & Francois R. Velde, 2014. "Early Public Banks," FRB Atlanta Working Paper 2014-9, Federal Reserve Bank of Atlanta.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:fihrev:v:18:y:2011:i:01:p:91-117_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/fhr .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.