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"Global trade and colonial extraction drew the early modern world closer together, carving out circuits in which silver and gold crossed oceans and continents.1 What forms did these metals take, and whose practices constituted these forms? The 3,500 coins in the collection of the Dutch lawyer...
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Using newly collected discount rate data for six Swiss cities, we find no evidence of increasing integration during a 30-year period of lightly regulated free banking. We attribute this to two structural issues: banks had incentives to protect their local monopolies, and the inherent instability...
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