Real estate and financial markets in England and the Low Countries, 1300–1800
AbstractMortgage markets in developing economies are often confined to private networks. Inadequate registration of property rights has been blamed for this, but it is questionable whether registration provides a simple and complete solution. This paper addresses this issue by analysing the Low Countries, where registration was organised well, and England, where registration was organised poorly, between 1300 and 1800. These historical cases show that registration was important but did neither provide a simple nor a complete solution for the emergence of broad mortgage markets. Successful historical markets took considerable time to appear and also addressed mortgage law and financial intermediation.
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Bibliographic InfoPaper provided by Utrecht University, Centre for Global Economic History in its series Working Papers with number 0042.
Length: 29 pages
Date of creation: Oct 2013
Date of revision:
mortgages; Europe; pre-industrial period;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-25 (All new papers)
- NEP-HIS-2013-10-25 (Business, Economic & Financial History)
- NEP-URE-2013-10-25 (Urban & Real Estate Economics)
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