A History of the Credit Market in Central Europe

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This is the first comprehensive study of loans and debts in Central European countries in the Middle Ages and Early Modern Period. It outlines the issues of debts and loans in the Czech lands, Poland and Hungary, with respect to the influence of Austria and Germany. It focuses on the role of loans and debts in medieval and early modern society, credit markets in these countries, the mechanism of lending and borrowing, forms of credit, availability of loans, frequency of credits dealings, range of lending business, and last, but not least, the financial relationships inside the social classes and between them.

The research presented in the book is based on a wide range of resources including credit contracts and agreements, evidence of loans and debts of courts, accounting of nobility, towns, churches and guilds, merchant diaries and Jewish registers, as well as other financial records. It covers a wide range of historical disciplines including economic and financial history, social history, the history of economic thought as well as the history of everyday life. It also contains a wealth of case studies, which offer, for the first time in English, a comprehensive and representative sample of the most up-to-date Central European research on the history of loans and debts and serves as a basis for a comparison with the other parts of Europe during the same period.

The book is designed primarily for postgraduates, researchers and academics in financial, economic and historical sciences but will also be a valuable resource for students of business schools.

Author(s): Pavla Slavícková
Publisher: Routledge
Year: 2020

Language: English
Pages: 278
City: London

Cover
Half Title
Title Page
Copyright Page
Table of contents
Figures
Tables
Contributors
Introduction: Credit in Central European historiography
Theoretical concepts
Areas of research
References
Part 1 Loans and debts as a part of royal finances
Chapter 1 Loan transactions in the Kingdom of Hungary up to the end of the 14th century
Introduction
Hungarian kings’ borrowings
Lenders
Conclusion
References
Chapter 2 Loans and debts of the Bohemian kings in the Middle Ages: From the last Přemyslids until the end of the ...
Introduction
Loans and debts of the last Přemyslids
Kings of Bohemia from the House of Luxembourg and their extraordinary incomes
Conclusion
References
Chapter 3 Income and expenditures of the Hungarian Royal Chamber during the first ruling years of King Vladislaus ...
References
Chapter 4 The beginnings of royal pledging in the Kingdom of Hungary
Introduction
King Louis I’s finances
A new element of the royal extraordinary revenues
Conclusion
Funding
References
Chapter 5 King’s debts and king’s creditors in Poland in the first half of the 15th century
Funding
References
Chapter 6 The political and economic relevance of Jewish loans for the dukes of Austria during the late Middle Ages
Introduction
Jewish moneylenders between duke and nobility
Ducal protection of Jewish credit business
Ducal encroachment on Jewish credit business and its limits
Conclusion
Funding
Note
References
Part 2 Credit market in medieval and early modern towns
Chapter 7 Written sources concerning debts and loans in late medieval Czech towns
Introduction
The beginnings of town official documents
Charters
Town ledgers
Financial ledgers
Guilds and brotherhoods
Other institutions active in the town
References
Chapter 8 Monetary credit market in the cities of the southern Baltic coast in the late Middle Ages ...
Introduction
Social aspects of credit markets in Baltic cities – social structure of the participants
Economic aspects of credit markets in Baltic cities – credit market as an indicator of the city’s economic position
Economic prosperity on the southern coast of the Baltic Sea in the late Middle Ages and its conditions
Credit markets in Baltic cities against the backdrop of the region and Western Europe (selected aspects)
Conclusion
References
Chapter 9 Rural credit and monetarisation of the peasantry in the late Middle Ages: The Eger city state c. 1450
Introduction
Region and sources
Monetarisation
Credit market
The testimony of the petitions
The testimony of the records of the loans
Geographical aspects
Conclusion
Funding
References
Chapter 10 The credit market in Old Warsaw in the late Middle Ages
Introduction
Economic and legal background
Social background
Conclusion
Note
References
Chapter 11 Credit and finance in Rudolphine Prague
Introduction
The legal conditions for trade in early modern Prague
Credit in light of the Land Constitution
Credit practice by Christians and Jews in Prague
Conclusion
Funding
References
Chapter 12 The credit market of a small peripheral Polish town in the early modern period
Note
References
Chapter 13 Jewish credit business in the urban context of late medieval Austria
Introduction
Urban policy regarding Jewish moneylending
Early attempts
Municipal policies after 1338
Attempts at a more encompassing control
Jews as subjects of municipal administration
Jewish moneylenders and their clientele
Jews before court
Economy in polemics
Conclusion
Funding
Note
References
Part 3 Economic, political, legal and other consequences of debts and loans
Chapter 14 Economical and political consequences of the limiting of the statutory maximum interest rate in Central Europe ...
Introduction
Specifics of the economic system of medieval Bohemia
Debt of the Royal Chamber
Interest rate in Central Europe in the early 1540s
Technical implementation of interest rate reduction in Bohemia
Immediate consequences of the interest rate reduction in 1543
Long-term consequences of the interest rate reduction in 1543
Conclusion
References
Chapter 15 Legal regulation of the credit market in Bohemia and Moravia
Introduction
Early opinions on the credit market
Regulation of the credit market in the first codifications
Obligation and business law in municipal codes
Conclusion
Funding
References
Chapter 16 The trade in farm money in rural areas in the 16th and 17th centuries (using the example of small towns on the ...
Introduction
The attitude of landlords to the trade in farm money
The motivation of buyers and sellers
The extent of the trade in farm money and its buyers
Conclusion
References
Chapter 17 Investments of a south Bohemian ‘banker’ in the first half of the 16th century: The credit operations of Knight ..
Introduction
Origin, inheritance, and first business activities
In the services of the lords of Rosenberg
Credit investments and their resources
Regular income structure
Value of debentures
Immovable property
Rich old bachelor and his bequest
Conclusion
References
Chapter 18 The Lithuanian Evangelical Reformed Church as a credit institution in the 17th century
Introduction
The aim and sources
The Calvinists’ approach to usury
The financial situation of the Jednota in the 17th century
Rent purchase
Loans
Conclusion
Funding
References
Chapter 19 Debts and claims as a part of administration and everyday life of Bohemian chamber estates in the early modern ...
Introduction
Bohemian chamber estates and its administration
Definition and structure of the dominium
Administrative hierarchy
Monarch, nobles, burghers, and sefs as debtors and creditors
Arrears (‘rest’) of the patrimonial officers as neuralgic part of the administration
Conclusion
Funding
References
Chapter 20 Financial aspects of the property transactions of rural subjects in Moravia in the 16th and 17th centuries
Introduction
Prices of farm holdings and the instalment system
Sale/purchase of farm money
Orphans’ cash boxes and church endowments
Conclusion
References
Chapter 21 Debt in the life of a Gdansk merchant
Introduction
The merchant and his book
The bookkeeping
Credit
Cash credit
Credit in commodities
Trade credit
Warrantors, promissory notes, entries in town books
Life annuities
Wedderlegynge
Conclusion
Note
References
Index