Zuijderduijn, Jaco; De Moor, Tine; van Zanden, Jan Luiten - Centre for Global Economic History (CGEH), Universiteit … - 2011
In this paper we analyse the functioning of private capital markets in Holland in the late medieval period. We argue that in the absence of banks and state agencies involved with the supply of credit, entrepreneurs access to credit was determined by two interrelated factors. The first was the...