Rosenthal, Jean-Laurent (1994) Rural Credit Markets and Aggregate Shocks: The Experience of Nuits St. Georges in Burgundy, 1756-1776. Journal of Economic History, 54 (2). pp. 288-306. ISSN 0022-0507. https://resolver.caltech.edu/CaltechAUTHORS:20160308-132614291
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Abstract
Using a complete enumeration of credit contracts for a rural area in Burgundy, this article examines how credit markets functioned and what role they served. Credit markets distributed funds to a large fraction of the population, and they were organized to mediate problems of asymmetric information. A central constrain on credit markets, however, was the threat of government intervention. Because of this threat, capital markets remained relatively isolated from one another.
Item Type: | Article | ||||||||||||
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Additional Information: | © 1994 Economic History Association. I am grateful for the support provided by a grant from the Borchard Foundation and by NSF grants SBR 9258498 and SES 9022192. I would like to thank Avner Greif and Francois Velde for their comments and the editors of this journal for their help. | ||||||||||||
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Issue or Number: | 2 | ||||||||||||
Record Number: | CaltechAUTHORS:20160308-132614291 | ||||||||||||
Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20160308-132614291 | ||||||||||||
Official Citation: | Rosenthal, Jean-Laurent. 1994. “Rural Credit Markets and Aggregate Shocks: The Experience of Nuits St. Georges, 1756-1776”. The Journal of Economic History 54 (2). [Economic History Association, Cambridge University Press]: 288–306. http://www.jstor.org/stable/2123914. | ||||||||||||
Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | ||||||||||||
ID Code: | 65204 | ||||||||||||
Collection: | CaltechAUTHORS | ||||||||||||
Deposited By: | Susan Vite | ||||||||||||
Deposited On: | 15 Mar 2016 23:44 | ||||||||||||
Last Modified: | 03 Oct 2019 09:45 |
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