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Rural Credit Markets and Aggregate Shocks: The Experience of Nuits St. Georges in Burgundy, 1756-1776

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
Related URLs:
URLURL TypeDescription
http://dx.doi.org/10.1017/S0022050700014480DOIArticle
http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=4134480&fulltextType=RA&fileId=S0022050700014480PublisherArticle
http://www.jstor.org/stable/2123914JSTORArticle
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.
Funders:
Funding AgencyGrant Number
Borchard FoundationUNSPECIFIED
NSFSBR 9258498
NSFSES 9022192
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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