By analysing a newly compiled database of exchange rates, this paper finds that Central European financial integration advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long-distance financial integration progressed in...

"The wealth of the Central European archives, particularly in urban records, has perhaps not been fully realised by western European historians. However, these records are not always straightforward to use and these studies also tackle the methodological problems inherent in gathering and...

About the authors -- Preface -- Learning tools walkthrough -- Money and the financial system -- An introduction to money and the financial system -- Money and the payments system -- Interest rates, financial instruments, and financial markets -- Future value, present value, and interest rates --...