A moneylender in Venice: Costantino Bogdano ‘da Patrasso’, c. 1800-44
Research on the practices of the moneylender, a permanent yet shadowy fixture of society, has focused on England in the early modern period. This paper, however, examines the business operations of Costantino Bogdano, a Greek moneylender active in Venice (c. 1800-44). At a time of transition in finance and cash shortage, Bogdano offered credit at a ‘just’ interest rate with competitive terms, combining profit with enlightened self-interest. Individuals from all walks of life repeatedly turned to him for money without ‘fear of losing their property’. He was patient, granted extensions for repayment and did not prosecute his bad debtors. The incidence of default was rare, testifying to a cautious choice of clientele. He required the usual guarantees of mortgages and jewels and also relied on implicit guarantees from family members linked to one another with bonds of trust. This strategy proved to be financially viable because he died a wealthy man.
|Date of creation:||2011|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
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.:
- Kindleberger, Charles P., 1996. "World Economic Primacy: 1500 to 1990," OUP Catalogue, Oxford University Press, number 9780195099027.
- Fratianni,Michele & Spinelli,Franco, 2005.
"A Monetary History of Italy,"
Cambridge University Press, number 9780521023450, October.
- Fratianni,Michele & Spinelli,Franco, 1997. "A Monetary History of Italy," Cambridge Books, Cambridge University Press, number 9780521443159, October.
- Minoglou, Ioanna Pepelasis, 2002. "Ethnic minority groups in international banking: Greek diaspora bankers of Constantinople and Ottoman state finances, c. 1840 81," Financial History Review, Cambridge University Press, vol. 9(02), pages 125-146, October.
- Polsi, Alessandro, 1996. "Financial institutions in nineteenth-century Italy. The rise of a banking system," Financial History Review, Cambridge University Press, vol. 3(02), pages 117-137, October. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:55472. 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: (Joachim Winter)
If references are entirely missing, you can add them using this form.