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Private Credit Markets in Paris, 1690–1840

Author

Listed:
  • Hoffman, Philip T.
  • Postel-Vinay, Gilles
  • Rosenthal, Jean-Laurent

Abstract

Relying on a large sample of private and public loan contracts taken from Parisian notarial records, this article examines the private borrowers and lenders who participated in the credit market between 1690 and 1840. It explains the important role notaries played in the market, describes the types of loans available to borrowers and lenders, stresses the importance of the life cycle in explaining the recourse to indebtedness, and ends with a discussion of the difficulties lenders had in assessing creditworthiness.

Suggested Citation

  • Hoffman, Philip T. & Postel-Vinay, Gilles & Rosenthal, Jean-Laurent, 1992. "Private Credit Markets in Paris, 1690–1840," The Journal of Economic History, Cambridge University Press, vol. 52(2), pages 293-306, June.
    • Handle: RePEc:cup:jechis:v:52:y:1992:i:02:p:293-306_01
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    Cited by:

    1. Herrade Igersheim & Charlotte Le Chapelain, 2019. "Measuring Success: Women Leaders in Industry in Nineteenth Century France: The Case of Amélie de Dietrich," Working Papers 10-19, Association Française de Cliométrie (AFC).
    2. Leonor Freire Costa, & M. Manuela Rocha, & Paulo Brito, 2014. "Money Supply and the Credit Market in Early Modern Economies: The Case of Eighteenth-Century Lisbon," Working Papers GHES - Office of Economic and Social History 2014/52, ISEG - Lisbon School of Economics and Management, GHES - Social and Economic History Research Unit, Universidade de Lisboa.
    3. Herrade Igersheim & Charlotte Le Chapelain, 2019. "Women Leaders in Industry in Nineteenth Century France: The Case of Amélie de Dietrich," Working Papers of BETA 2019-35, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    4. Ingrid Groessl & Nadine Levratto, 2012. "International Similarities of Bank Lending Practices and Varieties of Insolvency Laws: a Comparative Analysis of France and Germany," Macroeconomics and Finance Series 201203, University of Hamburg, Department of Socioeconomics.
    5. Peter Temin & Hans-Joachim Voth, 2003. "Banking as an Emerging Technology: Hoares Bank 1702-1742," Working Papers 93, Barcelona School of Economics.
    6. B. Zorina Khan, 2015. "Invisible Women: Entrepreneurship, Innovation and Family Firms in France during Early Industrialization," NBER Working Papers 20854, National Bureau of Economic Research, Inc.
    7. David le Bris & William N. Goetzmann & Sébastien Pouget, 2014. "Testing Asset Pricing Theory on Six Hundred Years of Stock Returns: Prices and Dividends for the Bazacle Company from 1372 to 1946," NBER Working Papers 20199, National Bureau of Economic Research, Inc.
    8. Timur Kuran & Jared Rubin, 2014. "The Financial Power of the Powerless: Socio-Economic Status and Interest Rates under Partial Rule of Law," Working Papers 14-22, Chapman University, Economic Science Institute.

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