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The Sea Loan in Genoa in the Twelfth Century

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  • Calvin B. Hoover

Abstract

Introductory: connection between the ancient Greek and Roman sea loan and the medieval Genoese type, 495. — Position of the sea loan before the Civil and Canon Law, 499. — The bona fide sea loan, 501. — Interest rates charged, 505. — Time and method of repayment, 507. — Security required, 508. — The pignus type of sea loan, 510. — Its importance as an addition to the credit machinery of Genoa, 511. — As a means of speculation, 518. — The usury-evasion type, 520. — Operation of the insurance principle, 523. — Relationship of medieval sea loan and modern bottomry bond, 526. — Conclusion, 528.

Suggested Citation

  • Calvin B. Hoover, 1926. "The Sea Loan in Genoa in the Twelfth Century," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 40(3), pages 495-529.
    • Handle: RePEc:oup:qjecon:v:40:y:1926:i:3:p:495-529.
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    File URL: http://hdl.handle.net/10.2307/1885175
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    Cited by:

    1. Mark Koyama, 2008. "Evading the 'Taint of Usury' Complex Contracts and Segmented Capital Markets," Economics Series Working Papers 412, University of Oxford, Department of Economics.
    2. Remi Jedwab & Noel D. Johnson & Mark Koyama, 2019. "Negative shocks and mass persecutions: evidence from the Black Death," Journal of Economic Growth, Springer, vol. 24(4), pages 345-395, December.
    3. Koyama, Mark, 2010. "Evading the 'Taint of Usury': The usury prohibition as a barrier to entry," Explorations in Economic History, Elsevier, vol. 47(4), pages 420-442, October.

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