Medieval capital markets. Markets for renten between state formation and private investment in Holland (1300-1550)

The book is structured as follows. Chapter 1 introduces medieval Holland as a significant entity for institutional-economic development by discussing how the state created a county wide societal structure. As a proto-territorial state Holland had a uniform judiciary, a government apparatus that gave shape to the public sector and regulations aimed at the capital market. At the same time the counts of Holland profited from the capital market: they used funded debt to finance state formation. Lacking creditworthiness, they relied on the solvency of the public sector: individual cities and villag... Mehr ...