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Banking Crashes of the Middle Age in Italy: A Minsky-Kindleberger Theory Case?


  • Seurot François

    (CREDES, Université Nancy 2)


The aim of this paper is both to use Kindlebergers thesis to analyse banking crashes of the Middle Age and to give proof of whether the medieval banks do or do not raise the same theoretical analysis as the modern banks. This is of importance, because the theories that are invoked by Kindleberger concern banks very different from the medieval banks. If the financial instability of the 14th century is similar to that of the 19th or the 20th century, this leads to amend the impact and generality of Kindlebergers instability model.Lobjet de cet article est dutiliser la théorie de Kindleberger pour analyser les krachs bancaires du Moyen Age et vérifier si les banques médiévales relèvent ou non du même appareil théorique que les banques modernes. Cela représente un enjeu important car les banques médiévales sont très différentes de celles quétudie Kindleberger. Si linstabilité financière du XIVe siècle est comparable à celle des XIXe et XXe siècles, cela nous amène à reconsidérer limpact et la généralité du modèle de Kindleberger.

Suggested Citation

  • Seurot François, 2002. "Banking Crashes of the Middle Age in Italy: A Minsky-Kindleberger Theory Case?," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 12(4), pages 1-27, December.
  • Handle: RePEc:bpj:jeehcn:v:12:y:2002:i:4:n:3

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    References listed on IDEAS

    1. Mitchell, William C, 1993. "The Shape of Public Choice to Come: Some Predictions and Advice," Public Choice, Springer, vol. 77(1), pages 133-144, September.
    2. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    3. J. Nicholas Ziegler, 2000. "Corporate Governance and the Politics of Property Rights in Germany," Politics & Society, , vol. 28(2), pages 195-221, June.
    4. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135-135.
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