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Redistribution and Long-Term Private Debt in Paris

Hoffman, Philip T. and Postel-Vinay, Gilles and Rosenthal, Jean-Laurent (1995) Redistribution and Long-Term Private Debt in Paris. Journal of Economic History, 55 (2). pp. 256-284. ISSN 0022-0507. doi:10.1017/S002205070004105X.

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Based on a large sample from Parisian notarial records, this article examines the long-term private credit market in Paris in the late seventeenth and early eighteenth centuries and analyzes how it was affected by government-caused redistribution. It estimates the level of private indebtedness from 1662 to 1789, explains the problems the credit market faced, and determines who profited and who lost when government defaults, banking reforms, and currency manipulations struck private borrowers and lenders. It concludes by accounting for the expansion of the credit market in the last half of the eighteenth century.

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Additional Information:© 1995 Economic History Association. The authors wish to thank David Weir and Joel Mokyr for their comments, and Rosenthal gratefully acknowledges the support by a grant from the Boarchard Foundation and by NSF grants SBR 9258498 and SES 9022192.
Funding AgencyGrant Number
Borchard FoundationUNSPECIFIED
NSFSBR 9258498
NSFSES 9022192
Issue or Number:2
Record Number:CaltechAUTHORS:20160308-115929683
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Official Citation:Hoffman, Philip T., Gilles Postel-Vinay, and Jean-Laurent Rosenthal. 1995. “Redistribution and Long-term Private Debt in Paris, 1660-1726”. The Journal of Economic History 55 (2). Cambridge University Press: 256–84.
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:65198
Deposited On:15 Mar 2016 23:48
Last Modified:10 Nov 2021 23:41

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