War, Conquest and Local Merchants: The Role of Credit in the Peripheral Military Administration of the Hispanic Monarchy during the First Half of the Sixteenth Century

Jose Miguel Escribano Paez ()
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Jose Miguel Escribano Paez: European University Institute., http://www.eui.eu/Home.aspx

No 14, Working Papers from Department of Economic and Social History at the University of Cambridge

Abstract: During the early modern period the European Monarchies were expanding geographically and politically. Despite the importance of the military campaigns the challenge was, however, not in conquering independent polities but in keeping them. For that reason the mobilization of resources to maintain the war effort was especially important and the members of the different military administrations were frequently obliged to obtain loans from the local merchants and financiers of the recently conquered communities. The reputation or 'credit' (the term employed to designate the borrower's trustworthiness) of these monarchical agents in charge of the organization and funding of the military campaigns played a key role in the mobilization of local resources to maintain these conquests. Through a micro-historical analysis of some local loans negotiated during this period, I will analyse the credit assessment around these loans as conditioned by information about past conducts, future rewards and individual credibility. In doing so, we can realise the complexity of this reputation-based credit-assessment and reconstruct the different meanings of reputation that they handled.

Keywords: Credit; reputation; finances; military administration; conquests; Hispanic Monarchy; Sixteenth-Century. (search for similar items in EconPapers)
JEL-codes: N73 N83 N93 (search for similar items in EconPapers)
Pages: 18 pages, 9.319 words.
Date: 2012-09-04, Revised 2012-11-20
New Economics Papers: this item is included in nep-his
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