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Pandemic recession and helicopter money: Venice, 1629–1631 大流行经济衰退和直升机撒钱:1629-1631年的威尼斯
IF 0.7
Financial History Review Pub Date : 2021-12-01 DOI: 10.1017/S0968565021000214
D. Masciandaro, C. Goodhart, Stefano Ugolini
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引用次数: 1
FHR volume 28 issue 3 Cover and Front matter FHR第28卷第3期封面和封面问题
IF 0.7
Financial History Review Pub Date : 2021-12-01 DOI: 10.1017/s0968565022000014
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引用次数: 0
Silver coins, wooden tallies and parchment rolls in Henry III's Exchequer 亨利三世财政部的银币、木制计数和羊皮纸卷
IF 0.7
Financial History Review Pub Date : 2021-12-01 DOI: 10.1017/s0968565021000184
Richard Cassidy
{"title":"Silver coins, wooden tallies and parchment rolls in Henry III's Exchequer","authors":"Richard Cassidy","doi":"10.1017/s0968565021000184","DOIUrl":"https://doi.org/10.1017/s0968565021000184","url":null,"abstract":"In the mid thirteenth century, England used only a single coin, the silver penny. The flow of coins into and out of the government's treasury was recorded in the rolls of the Exchequer of Receipt. These receipt and issue rolls have been largely ignored, compared to the pipe rolls, which were records of audit. Some more obscure records, the memoranda of issue, help to show how the daily operations of government finance worked, when cash was the only medium available. They indicate something surprising: the receipt and issue rolls do not necessarily record transactions which took place during the periods they nominally cover. They also show that the Exchequer was experimenting with other forms of payment, using tally sticks, several decades earlier than was previously known. The rolls and the tallies indicate that the objectives of the Exchequer were not, as we would now expect, concerned with balancing income and expenditure, drawing up a budget, or even recording cash flows within a particular year. These concepts were as yet unknown. Instead, the Exchequer's aim was to ensure the accountability of officials, its own and those in other branches of government, by allocating financial responsibility to individuals rather than institutions.","PeriodicalId":44063,"journal":{"name":"Financial History Review","volume":"28 1","pages":"364 - 382"},"PeriodicalIF":0.7,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47239822","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: 1
FHR volume 28 issue 3 Cover and Back matter FHR第28卷第3期封面和封底
IF 0.7
Financial History Review Pub Date : 2021-12-01 DOI: 10.1017/s0968565022000026
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引用次数: 0
Gold rush: the political economy of the Yugoslavian gold exchange standard 淘金热:南斯拉夫金本位制的政治经济学
IF 0.7
Financial History Review Pub Date : 2021-11-29 DOI: 10.1017/S0968565021000172
A. Jevtić
{"title":"Gold rush: the political economy of the Yugoslavian gold exchange standard","authors":"A. Jevtić","doi":"10.1017/S0968565021000172","DOIUrl":"https://doi.org/10.1017/S0968565021000172","url":null,"abstract":"This article analyses the economic, political and cultural factors that influenced the decision of policy-makers in Yugoslavia to join the gold exchange standard in the midst of the Great Depression in June 1931. The analysis proceeds in three stages. First, the economic reasons why policy elites and interest groups endeavoured to adopt the gold exchange standard are examined by looking at debates in Yugoslavia's central bank, correspondence between governmental institutions and the views of policy elites as depicted in various economic newspapers. Subsequently, the article analyses how the beliefs in economic benefits analysed in the previous part were formed, considering the state of economic knowledge in the country, as well as pressures exerted by foreign lenders such as the Bank of England, the Banque de France and the Bank for International Settlements. The third part analyses reasons for legal stabilisation that go beyond economic rationales, considering how the government employed the prestige involved in legal stabilisation for its political agenda, and how cultural attachments to ‘gold core countries’ made sharing their monetary system a matter of cultural integration.","PeriodicalId":44063,"journal":{"name":"Financial History Review","volume":"29 1","pages":"52 - 71"},"PeriodicalIF":0.7,"publicationDate":"2021-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45505048","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
A complicated puzzle: spinsters, widows and credit in Sweden (1790–1910) 一个复杂的谜题:瑞典的老处女、寡妇和信贷(1790-1910)
IF 0.7
Financial History Review Pub Date : 2021-11-10 DOI: 10.1017/S0968565021000160
Matteo Pompermaier
{"title":"A complicated puzzle: spinsters, widows and credit in Sweden (1790–1910)","authors":"Matteo Pompermaier","doi":"10.1017/S0968565021000160","DOIUrl":"https://doi.org/10.1017/S0968565021000160","url":null,"abstract":"This article aims to retrace the extent of single women's engagement in the credit market. To this end, it relies on a series of more than 1,900 probate inventories drawn up between 1790 and 1910 in the two Swedish cities of Gävle and Uppsala. These two cities represent an ideal case study, because the process of industrialisation and economic development resulted in two differently structured credit markets. The research centres initially on the problem of studying women's agency from probate inventories. It analyses the main characteristics of spinsters and widows as they emerge from the sources and compares them with married women. Subsequently, the article analyses how marital status shaped women's economic lives, affecting how they participated in the credit market. For this purpose, it focuses specifically on banking and peer-to-peer exchanges (in particular, promissory notes). Spinsters favoured more conservative strategies relying more often on the services provided by banks, while widows seemed to have played an additional, and more significant, role as lenders in peer-to-peer networks. The study also confirms that unmarried women were only rarely active as borrowers.","PeriodicalId":44063,"journal":{"name":"Financial History Review","volume":"29 1","pages":"29 - 51"},"PeriodicalIF":0.7,"publicationDate":"2021-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45799558","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
Resource endowments and the problem of small change: insights from two American mints, 1600–1700 资源禀赋与微小变化问题——来自1600–1700年两座美国铸币厂的见解
IF 0.7
Financial History Review Pub Date : 2021-10-19 DOI: 10.1017/S0968565021000159
Jane E. Knodell, Catalina M. Vizcarra
{"title":"Resource endowments and the problem of small change: insights from two American mints, 1600–1700","authors":"Jane E. Knodell, Catalina M. Vizcarra","doi":"10.1017/S0968565021000159","DOIUrl":"https://doi.org/10.1017/S0968565021000159","url":null,"abstract":"This article discusses historical evidence from the Potosi mint and Massachusetts Bay mint that illustrates the importance of the resource endowment (in this case silver) for the provision of small change. We show that the availability of silver was fundamental in shaping incentives. The relative scarcity of silver in Massachusetts Bay contributed to the small scale of the mint's operations, and implied that neither the monetary authority nor the mintmaster faced a significant tradeoff between drawing seigniorage from the mint and the production of small-denomination coins. In contrast, in the Viceroyalty of Peru, the abundance of silver, and the consequent large level of production of the mint's heavy peso coin, heightened the tradeoff between the fiscal and monetary objectives of the coinage. We suggest that these incentives negatively affected the production of fractionary coinage in the Peruvian viceroyalty, whereas in Massachusetts Bay the production of small-denomination coins was the norm.","PeriodicalId":44063,"journal":{"name":"Financial History Review","volume":"28 1","pages":"344 - 363"},"PeriodicalIF":0.7,"publicationDate":"2021-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41850649","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: 1
The 1783 proposal for a readymade note at the Bank of England 1783年,英格兰银行提议发行现钞
IF 0.7
Financial History Review Pub Date : 2021-08-25 DOI: 10.1017/S0968565021000123
David M. Batt
{"title":"The 1783 proposal for a readymade note at the Bank of England","authors":"David M. Batt","doi":"10.1017/S0968565021000123","DOIUrl":"https://doi.org/10.1017/S0968565021000123","url":null,"abstract":"This article analyses the 1783 proposal to issue readymade notes to the Bank of England's private banking customers. Prior to 1783, I argue that there were two broad categories under which the Bank issued its notes into circulation: (1) notes which were issued to government in relation to the Bank's role as facilitator of the fiscal revenues of state, and (2) notes which were issued to its private banking customers. The readymade note was a form of paper money which the Bank had previously been issuing only to government and, unlike the notes which the Bank originally issued to its private banking customers, was made out in advance of its being issued into circulation. I argue that the transformation suggested in the 1783 proposal was made possible by the unique relationship which the Bank had always had with the government, and I will make three observations based on identifying how this transformation took place.","PeriodicalId":44063,"journal":{"name":"Financial History Review","volume":"29 1","pages":"72 - 97"},"PeriodicalIF":0.7,"publicationDate":"2021-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44721800","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
FHR volume 28 issue 2 Cover and Front matter FHR第28卷第2期封面和封面问题
IF 0.7
Financial History Review Pub Date : 2021-08-01 DOI: 10.1017/s0968565021000135
{"title":"FHR volume 28 issue 2 Cover and Front matter","authors":"","doi":"10.1017/s0968565021000135","DOIUrl":"https://doi.org/10.1017/s0968565021000135","url":null,"abstract":"","PeriodicalId":44063,"journal":{"name":"Financial History Review","volume":" ","pages":"f1 - f2"},"PeriodicalIF":0.7,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/s0968565021000135","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43107898","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
Effects of credit restrictions in the Netherlands on credit growth and inflation 荷兰信贷限制对信贷增长和通胀的影响
IF 0.7
Financial History Review Pub Date : 2021-08-01 DOI: 10.1017/S0968565021000093
G. Galati, J. Kakes, R. Moessner
{"title":"Effects of credit restrictions in the Netherlands on credit growth and inflation","authors":"G. Galati, J. Kakes, R. Moessner","doi":"10.1017/S0968565021000093","DOIUrl":"https://doi.org/10.1017/S0968565021000093","url":null,"abstract":"Credit restrictions were used as a monetary policy instrument in the Netherlands from the 1960s to the early 1990s. Since these restrictions were aimed at containing money rather than credit growth, their focus was on net credit creation by the financial sector. We document the rationale of these credit restrictions and how their implementation evolved in line with the evolution of the financial system. We study the impact on the balance sheet structure of banks and other financial institutions. We find that banks mainly responded to credit restrictions by making adjustments to the liability side of their balance sheets, particularly by increasing the proportion of long-term funding. Responses on the asset side were limited, while part of the banking sector even increased lending after the adoption of a restriction. These results suggest that banks and financial institutions responded by switching to long-term funding to meet the restriction and shield their lending business. Arguably, the credit restrictions were therefore still effective in reaching their main goal. Indeed, we do find evidence of a significant effect of credit restrictions on inflation.","PeriodicalId":44063,"journal":{"name":"Financial History Review","volume":"28 1","pages":"237 - 258"},"PeriodicalIF":0.7,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S0968565021000093","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48161866","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: 1
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