Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook最新文献_第4页

Financial Instability and International-Lender-of-Last-Resort Theory from the Gold Standard to the Dollar System 从金本位到美元体系的金融不稳定与国际最后贷款人理论

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-10-14 DOI: 10.1515/jbwg-2022-0012

E. Carré, Laurent Le Maux

引用次数: 0

Between Rack Rents and Paternalism: Economic Behaviour and the Lease Market in Westphalia, with a Particular Focus on the 19th Century 在货架租金和家长制之间:威斯特伐利亚的经济行为和租赁市场，特别关注19世纪

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-05-01 DOI: 10.1515/jbwg-2022-0002

Johannes Bracht, Friederike Scholten-Buschhoff

{"title":"Between Rack Rents and Paternalism: Economic Behaviour and the Lease Market in Westphalia, with a Particular Focus on the 19th Century","authors":"Johannes Bracht, Friederike Scholten-Buschhoff","doi":"10.1515/jbwg-2022-0002","DOIUrl":"https://doi.org/10.1515/jbwg-2022-0002","url":null,"abstract":"Abstract Departing from research on Westphalian leases between 1600 and 1900 the paper discusses the lease market of and price determination on three Westphalian estates. While economic history approaches suppose that leases can be seen as market relations and are therefore useful indicators to measure agricultural productivity, a more anthropological perspective emphasises the social relations between lessor (here: noble estate owner) and leaseholders. The choice of an adequate perspective has significant implications for research on agricultural productivity based on rents and leases. Our results indicate that the contractual arrangement of leasehold (well defined duration, announcement, auctions) was used to achieve the highest possible leases. However, at least until the 1830s, demand for leasehold land was rather low and leaseholders could benefit from a lack of competition. Price determination of leases resulted in rents below the Ricardian rent. Therefore, we argue that important assumptions of the established price approach, which uses leases as proxies for productivity, are not met and the analysis of agricultural productivity requires additional evidence on the leaseholder’s income and profit.","PeriodicalId":195429,"journal":{"name":"Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124805280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Immobilienmärkte in der historischen Forschung 历史上最伟大的房地产市场大案

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-05-01 DOI: 10.1515/jbwg-2022-0001

Peter Kramper

引用次数: 0

(Mal-)practices of Auctioneering on the English Property Market During the 19th Century 19世纪英国房地产市场的拍卖实践

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-05-01 DOI: 10.1515/jbwg-2022-0003

Stephan Fasold

引用次数: 0

Mass Weddings, Baby Boom and Full Employment? 集体婚礼、婴儿潮和充分就业?

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-05-01 DOI: 10.1515/jbwg-2022-0010

Cristina Somcutean

引用次数: 0

Frontmatter

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-05-01 DOI: 10.1515/jbwg-2022-frontmatter1

引用次数: 0

The Great De-Mortgaging: the Retreat of Life Insurances From Housing Finance in US-German Historical Perspective 大去抵押:美德历史视角下寿险从住房金融的撤退

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-05-01 DOI: 10.1515/jbwg-2022-0008

Sebastian Kohl

{"title":"The Great De-Mortgaging: the Retreat of Life Insurances From Housing Finance in US-German Historical Perspective","authors":"Sebastian Kohl","doi":"10.1515/jbwg-2022-0008","DOIUrl":"https://doi.org/10.1515/jbwg-2022-0008","url":null,"abstract":"Abstract Recent research in economic history has found that mortgage debt in relation to GDP has taken off in the historical long run (“great mortgaging”), as growing banking assets have been redirected into mortgage credit. This paper maps the parallel long-run investment history of private (life) insurance as the much overlooked second pillar of the financial system. Drawing on in-depth studies of the US and Germany, it finds that a “great de-mortgaging” took place in insurers’ portfolios, with mortgages falling from up to 90 percent in the 19th century to below 5 percent today in favor of fixed-income securities. A parallel shift to secondary mortgage bonds has hardly offset this decline, while direct real estate remained largely a residual investment class. Banks’ great mortgaging is thus partly an institutional substitution effect. The paper sees insurers’ asset shift itself as mainly driven by long-run changes in capital demand and competition with banks and pension funds. It extends these findings to other long-term institutional investors and other OECD countries in the historical long run.","PeriodicalId":195429,"journal":{"name":"Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook","volume":"157 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123326269","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Financial Markets and Land Redistribution in 19th Century East Prussia 19世纪东普鲁士的金融市场与土地再分配

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-05-01 DOI: 10.1515/jbwg-2022-0004

K. Wandschneider

{"title":"Financial Markets and Land Redistribution in 19th Century East Prussia","authors":"K. Wandschneider","doi":"10.1515/jbwg-2022-0004","DOIUrl":"https://doi.org/10.1515/jbwg-2022-0004","url":null,"abstract":"Abstract How did the emerging market for land in the 19th century influence land distribution in East Prussia? And how did land markets respond to the emergence of financial institutions that relied on land as collateral but also affected the ease and speed of land transfer? Focusing on the example of a specific financial institution – the East Prussian Landschaft – this paper empirically tests the hypothesis that the Landschaft credit institutes, through their provision of privileged credit, enabled noble estates to expand their landholdings. It also tests whether the existence of Landschaft-credit helped noble estates to remain in the hands of nobles and halted estate sales to the emerging bourgeoisie. The analysis combines several datasets on East Prussian landed estates in 1796, 1834 and 1882 and matches these with borrowing records of the East Prussian Landschaft from 1823 and 1829. The study finds that access to Landschaft-credit correlates positively with estate size over the 19th century, suggesting that the Landschaft credit institutes did play a role in ownership concentration. The results regarding the transfer of estates from the nobility to the bourgeoisie show a weaker link between Landschaft-credit and ownership status of estate holders.","PeriodicalId":195429,"journal":{"name":"Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122149033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Deutsche Hypothekenbanken zwischen Sicherheitsdenken und Spekulationsfieber: Immobilienfinanzierung im Bauboom des späten 19. Jahrhunderts 德国按揭银行把安全思维和投机热混为一谈:19世纪末的楼顶住宅融资。世纪

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-05-01 DOI: 10.1515/jbwg-2022-0005

F. Sattler

{"title":"Deutsche Hypothekenbanken zwischen Sicherheitsdenken und Spekulationsfieber: Immobilienfinanzierung im Bauboom des späten 19. Jahrhunderts","authors":"F. Sattler","doi":"10.1515/jbwg-2022-0005","DOIUrl":"https://doi.org/10.1515/jbwg-2022-0005","url":null,"abstract":"Abstract German mortgage banks based on stock, more frequently founded from the early 1860s, used the traditional Pfandbrief system to cope with the growing tasks of urban and housing construction. Its safety for both creditors as well as debtors of real estate financing depended not least on a clear limitation of business activities. During the building boom of the late 19th century, however, many mortgage banks undertook a massive expansion of their business and developed highly complex corporate structures, so that the well-established rules for lending on real estate were increasingly undermined. Using the examples of the “Pommern-” and the “Preußenbankgruppe”, the article explores the distortions resulting from the building boom of the late 19th century and analyses the economic, penal, and legislative means that were used to solve them. The study concludes that, due to their severity, the crisis phenomena in the real estate market of the 1890s led to a uniform regulation of mortgage banks across the Reich for the first time, which indeed achieved a sustainable stabilization of the Pfandbrief system: the price, however, was the isolation of German mortgage banking from developments in Western Europe.","PeriodicalId":195429,"journal":{"name":"Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126047808","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Gegen Immobilienspekulation und steigende Mieten? 反对房地产投机和房租上涨?

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook Pub Date : 2022-05-01 DOI: 10.1515/jbwg-2022-0007

Anna Grotegut

引用次数: 0