Books or bullion? Printing, mining and financial integration in Central Europe from the 1460s
AbstractThis paper examines the role of the advent of printing and the mining boom in explaining financial integration in Central Europe from the 1460s. It finds that changes in liquidity were not a major determinant of financial integration, but the mining boom fostered financial links between the mining districts and the rest of the region. Printing promoted financial integration mainly because it triggered a fall in the costs of transmitting information rather than because it facilitated human capital formation or institutional change. The financial significance of the advent of printing was comparable to that of the mining boom.
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Bibliographic InfoPaper provided by London School of Economics and Political Science, Department of Economic History in its series Economic History Working Papers with number 28986.
Length: 40 pages
Date of creation: Jul 2010
Date of revision:
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Find related papers by JEL classification:
- N0 - Economic History - - General
- R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
- J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
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