Books or bullion? Printing, mining and financial integration in Central Europe from the 1460s
This 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.
|Date of creation:||Jul 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +44 (0) 20 7955 7084
Web page: http://www.lse.ac.uk/economicHistory/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Conte, Leandro & Toniolo, Gianni & Vecchi, Giovanni, 2003.
"Monetary Union, Institutions and Financial Market Integration, Italy 1862-1905,"
CEPR Discussion Papers
3684, C.E.P.R. Discussion Papers.
- Toniolo, Gianni & Conte, Leandro & Vecchi, Giovanni, 2003. "Monetary Union, institutions and financial market integration: Italy, 1862-1905," Explorations in Economic History, Elsevier, vol. 40(4), pages 443-461, October.
- Gianni Toniolo & Leandro Conte & Giovanni Vecchi, 2003. "Monetary Union, Institutions and Financial Market Integration, Italy 1862-1905," CEIS Research Paper 16, Tor Vergata University, CEIS.
- Parsley, David C. & Wei, Shang-Jin, 2001.
"Explaining the border effect: the role of exchange rate variability, shipping costs, and geography,"
Journal of International Economics,
Elsevier, vol. 55(1), pages 87-105, October.
- David C. Parsley & Shang-Jin Wei, 2000. "Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography," NBER Working Papers 7836, National Bureau of Economic Research, Inc.
- repec:cup:cbooks:9780521394659 is not listed on IDEAS
- Volckart, Oliver, 2000. "State Building by Bargaining for Monopoly Rents," Kyklos, Wiley Blackwell, vol. 53(3), pages 265-91.
- Jörg Baten & Jan Luiten van Zanden, 2007.
"Book production and the onset of modern economic growth,"
Economics Working Papers
1030, Department of Economics and Business, Universitat Pompeu Fabra.
- Joerg Baten & Jan Zanden, 2008. "Book production and the onset of modern economic growth," Journal of Economic Growth, Springer, vol. 13(3), pages 217-235, September.
- repec:cup:cbooks:9780521397735 is not listed on IDEAS
- Flynn, Dennis O., 1978. "A new perspective on the spanish price revolution: The monetary approach to the balance of payments," Explorations in Economic History, Elsevier, vol. 15(4), pages 388-406, October.
- Munro, John H., 2000. "The 'New Institutional Economics' and the Changing Fortunes of Fairs in Medieval and Early Modern Europe: the Textile Trades, Warfare, and Transaction Costs," MPRA Paper 11029, University Library of Munich, Germany, revised Feb 2001.
- David Chilosi & Oliver Volckart, 2009. "Money, states and empire: financial integration cycles and institutional change in Central Europe, 1400-1520," Economic History Working Papers 27884, London School of Economics and Political Science, Department of Economic History.
- Federico, Giovanni, 2007. "Market integration and market efficiency: The case of 19th century Italy," Explorations in Economic History, Elsevier, vol. 44(2), pages 293-316, April.
- Volckart, Oliver, 2002. "Central Europe's way to a market economy, 1000 1800," European Review of Economic History, Cambridge University Press, vol. 6(03), pages 309-337, December.
- Buringh, Eltjo & Van Zanden, Jan Luiten, 2009. "Charting the “Rise of the West”: Manuscripts and Printed Books in Europe, A Long-Term Perspective from the Sixth through Eighteenth Centuries," The Journal of Economic History, Cambridge University Press, vol. 69(02), pages 409-445, June.
- Volckart, Oliver, 2000. "The open constitution and its enemies: competition, rent seeking, and the rise of the modern state," Journal of Economic Behavior & Organization, Elsevier, vol. 42(1), pages 1-17, May.
- Joseph E. Stiglitz, 2000. "The Contributions Of The Economics Of Information To Twentieth Century Economics," The Quarterly Journal of Economics, MIT Press, vol. 115(4), pages 1441-1478, November.
- David Chilosi & Oliver Volckart, 2010. "Good or bad money?: debasement, society and the state in the late Middle Ages," Economic History Working Papers 27946, London School of Economics and Political Science, Department of Economic History.
When requesting a correction, please mention this item's handle: RePEc:ehl:wpaper:28986. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (LSERO Manager on behalf of EH Dept.)
If references are entirely missing, you can add them using this form.