IDEAS home Printed from https://ideas.repec.org/a/cup/jechis/v71y2011i03p762-791_00.html
   My bibliography  Save this article

Money, States, and Empire: Financial Integration and Institutional Change in Central Europe, 1400–1520

Author

Listed:
  • Chilosi, David
  • Volckart, Oliver

Abstract

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 should therefore take interstate actors into account.

Suggested Citation

  • Chilosi, David & Volckart, Oliver, 2011. "Money, States, and Empire: Financial Integration and Institutional Change in Central Europe, 1400–1520," The Journal of Economic History, Cambridge University Press, vol. 71(3), pages 762-791, September.
    • Handle: RePEc:cup:jechis:v:71:y:2011:i:03:p:762-791_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022050711001914/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. Federico, Giovanni & Schulze, Max-Stephan & Volckart, Oliver, 2021. "European Goods Market Integration in the Very Long Run: From the Black Death to the First World War," The Journal of Economic History, Cambridge University Press, vol. 81(1), pages 276-308, March.
    2. Volckart, Oliver, 2018. "Technologies of money in the Middle Ages: the 'Principles of Minting'," Economic History Working Papers 87152, London School of Economics and Political Science, Department of Economic History.
    3. Volckart, Oliver, 2021. "Trade in coinage, Gresham's Law, and the drive to monetary unification: the Holy Roman Empire, 1519-59," LSE Research Online Documents on Economics 109885, London School of Economics and Political Science, LSE Library.
    4. Ling-Fan Li, 2015. "Information asymmetry and the speed of adjustment: debasements in the mid-sixteenth century," Economic History Review, Economic History Society, vol. 68(4), pages 1203-1225, November.
    5. Börner, Lars & Severgnini, Battista, 2011. "Epidemic trade," Discussion Papers 2011/12, Free University Berlin, School of Business & Economics.
    6. Chilosi, David & Murphy, Tommy E. & Studer, Roman & Tunçer, A. Coşkun, 2013. "Europe's many integrations: Geography and grain markets, 1620–1913," Explorations in Economic History, Elsevier, vol. 50(1), pages 46-68.
    7. Volckart, Oliver, 2021. "Trade in coinage, Gresham's Law, and the drive to monetary unification: the Holy Roman Empire, 1519-59," Economic History Working Papers 109885, London School of Economics and Political Science, Department of Economic History.
    8. Volckart, Oliver, 2015. "Power politics and princely debts: why Germany’s common currency failed, 1549-1556," LSE Research Online Documents on Economics 64496, London School of Economics and Political Science, LSE Library.
    9. Volckart, Oliver, 2022. "How successful was Germany's first common currency? A new look at the imperial monetary union of 1559," Economic History Working Papers 115007, London School of Economics and Political Science, Department of Economic History.
    10. Charles Angelucci & Simone Meraglia & Nico Voigtländer, 2022. "How Merchant Towns Shaped Parliaments: From the Norman Conquest of England to the Great Reform Act," American Economic Review, American Economic Association, vol. 112(10), pages 3441-3487, October.
    11. Victoria Gierok, 2023. "The Thirty Years’ War and the Decline of Urban Germany," Oxford Economic and Social History Working Papers _210, University of Oxford, Department of Economics.
    12. Adrian R. Bell & Chris Brooks & Tony K. Moore, 2017. "Did Purchasing Power Parity Hold in Medieval Europe?," Manchester School, University of Manchester, vol. 85(6), pages 682-709, December.
    13. Volckart, Oliver, 2017. "Premodern debasement: a messy affair," Economic History Working Papers 86533, London School of Economics and Political Science, Department of Economic History.
    14. Volckart, Oliver, 2018. "The dear old holy Roman realm. How does it hold together? Monetary policies, cross-cutting cleavages and political cohesion in the age of reformation," Economic History Working Papers 90503, London School of Economics and Political Science, Department of Economic History.

    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:jechis:v:71:y:2011:i:03:p:762-791_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/jeh .

    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.