types. The fragility was not a big problem, since the bracteates would not circulate for a long period. When monetization …Although the leaf-thin bracteates are the most fragile coins in monetary history, they were the main coin type for … almost two centuries in large parts of medieval Europe. The usefulness of the bracteates can be linked to the contemporary …

was less restrictive and had lower administrative costs for the coin issuer than re-coinage. Besides low monetization, the … debasements than routine calendar driven re-coinage, due to the high uncertainty. …

article ("The Debasement Puzzle": Velde and Weber, 1996) sought to demonstrate that coinage debasements were both impractical … and economically futile. The purpose of this study is to demonstrate that aggressive debasements were generally very … to demonstrate that both merchants and the prince benefitted from debasements in real terms, provided that they spent the …

precious metal contained in them these debasements reflect considerable fluctuations in these coins’ exchange value. Whilst …