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“Impending ruin†or “remarkable wealth†? The role of private credit markets in a settler colony

Author

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  • Christie Swanepoel
  • Johan Fourie

Abstract

Credit markets develop hand in hand with a market economy. Pre-industrial credit markets, like credit (and capital) markets today, developed in order to smooth consumption, ease trade, and enable long-term investment. Yet in the eighteenth century Cape Colony, a Dutch settlement at the southern tip of Africa, commentators of the day were skeptical about what […]

Suggested Citation

  • Christie Swanepoel & Johan Fourie, 2015. "“Impending ruin†or “remarkable wealth†? The role of private credit markets in a settler colony," Working Papers 517, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:517
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    File URL: https://econrsa.org/wp-content/uploads/2022/06/working_paper_517.pdf
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    Citations

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    Cited by:

    1. Jeanne Cilliers & Johan Fourie, 2017. "Social mobility during South Africa’s industrial take-off," Working Papers 04/2017, Stellenbosch University, Department of Economics.
    2. Martins, Igor, 2019. "An Act for the Abolition of the Slave Trade: The Effects of an Import Ban on Cape Colony Slaveholders," African Economic History Working Paper 43/2019, African Economic History Network.
    3. Johan Fourie, 2020. "The settlers of South Africa and the expanding frontier," Working Papers 14/2020, Stellenbosch University, Department of Economics.
    4. J. Fourie, 2018. "Cliometrics in South Africa," Studies in Economics and Econometrics, Taylor & Francis Journals, vol. 42(2), pages 1-14, August.

    More about this item

    Keywords

    Africa; Colonial history; Economic History; Financial Markets; Marketing;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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