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Historical Roots of Microcredit and Usury: The Role of Monti di Pietà in Italy and in the Kingdom of Naples in XV–XX Centuries

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  • Andrea Gatto

Abstract

The study investigates the role of the Monti di Pietà in Italy and in the Kingdom of Naples from the fifteenth to the twentieth century in promoting the development of contemporary microcredit. The object of the research is to run, through the archival sources and regulations promulgated by the Church, a historical analysis on the evolution of the financial instruments, modern features of the operations and microcredit institutes of the contemporary age. The letter identifies a crucial role of the Monti di Pietà in the provision of credit to the poor as a form of contrast to usury and local development. © 2018 John Wiley & Sons, Ltd.

Suggested Citation

  • Andrea Gatto, 2018. "Historical Roots of Microcredit and Usury: The Role of Monti di Pietà in Italy and in the Kingdom of Naples in XV–XX Centuries," Journal of International Development, John Wiley & Sons, Ltd., vol. 30(5), pages 911-914, July.
    • Handle: RePEc:wly:jintdv:v:30:y:2018:i:5:p:911-914
    DOI: 10.1002/jid.3386
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    Cited by:

    1. Andrea Gatto, 2020. "A pluralistic approach to economic and business sustainability: A critical meta‐synthesis of foundations, metrics, and evidence of human and local development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1525-1539, July.
    2. Xinhai Lu & Mingxu Bai & Bing Kuang & Danling Chen, 2021. "Unlocking the Relationship between Land Finance and Regional Integration," Land, MDPI, vol. 10(9), pages 1-17, August.
    3. Drago, Carlo & Gatto, Andrea, 2022. "Policy, regulation effectiveness, and sustainability in the energy sector: A worldwide interval-based composite indicator," Energy Policy, Elsevier, vol. 167(C).
    4. Ibrahim Mutambik, 2023. "Customer Experience in Open Banking and How It Affects Loyalty Intention: A Study from Saudi Arabia," Sustainability, MDPI, vol. 15(14), pages 1-20, July.
    5. Mohammad Zainuddin & Ida Md Yasin, 2020. "Resurgence of an Ancient Idea? A Study on the History of Microfinance," FIIB Business Review, , vol. 9(2), pages 78-84, June.
    6. A. Amarender Reddy & Anindita Bhattacharya & S. Venku Reddy & Sandra Ricart, 2021. "Farmers’ Distress Index: An Approach for an Action Plan to Reduce Vulnerability in the Drylands of India," Land, MDPI, vol. 10(11), pages 1-24, November.
    7. Gatto, Andrea & Drago, Carlo, 2020. "Measuring and modeling energy resilience," Ecological Economics, Elsevier, vol. 172(C).
    8. Di Johnson & John Rodwell & Thomas Hendry, 2021. "Analyzing the Impacts of Financial Services Regulation to Make the Case That Buy-Now-Pay-Later Regulation Is Failing," Sustainability, MDPI, vol. 13(4), pages 1-20, February.
    9. Zakir Morshed & Mohshin Habib & Christine Jubb, 2020. "Does Regulation Influence Microfinance Institutions to Be More Client-Responsive?," IJFS, MDPI, vol. 8(4), pages 1-24, October.
    10. Wonder Mafuta & Jethro Zuwarimwe & Marizvikuru Mwale, 2021. "WASH Financial and Social Investment Dynamics in a Conflict-Arid District of Jariban in Somalia," Sustainability, MDPI, vol. 13(9), pages 1-15, April.

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