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Money, states and empire: financial integration cycles and institutional change in Central Europe, 1400-1520

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  • Chilosi, David
  • Volckart, Oliver

Abstract

By analysing a newly compiled database of exchange rates, this paper finds that Central European financial integration advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long-distance financial integration progressed in connection with the rise of the territorial state, facilitated by the synergy between princes and emperor.

Suggested Citation

  • Chilosi, David & Volckart, Oliver, 2009. "Money, states and empire: financial integration cycles and institutional change in Central Europe, 1400-1520," LSE Research Online Documents on Economics 27884, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:27884
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    File URL: http://eprints.lse.ac.uk/27884/
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    More about this item

    JEL classification:

    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913

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