 Recovery and New Patterns of Credit, 1300–1304Pamela Nightingale ()
Chapter Chapter 7 in Enterprise, Money and Credit in England before the Black Death 1285–1349, 2018, pp 155-183 from Palgrave Macmillan Abstract: Abstract This chapter describes how the withdrawal and re-minting of the imitation sterlingssterlings, imitative renewed confidence in the coinage and doubled the credit in the certificates for 1300–1304. However, London and eight countiescounties, including five neighbouring the city did not share in this growth, probably because the Italians there were reducing their wool exportswoolwool exports. Most likely this happened because of the debasement of continental currencies, and the fall of sterling against the florinflorin, which affected the exchange ratesexchange rates that were crucial to their businesses. In return for their paying a new import tax, Edward issued his Carta Mercatoria Carta Mercatoria in 1303 which granted the aliens new trading privileges in the city. These encouraged them to increase their importsimports and attracted more provincial merchants to buy them from them there by selling more wool to them in return. The chapter discusses how other leading counties benefited from these new circumstances. Keywords: Carta Mercatoria; Re-minting; Imitation sterlings; Florin; Imports (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-90251-7_7 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-90251-7_7 Access Statistics for this chapter More chapters in Palgrave Studies in the History of Finance from Palgrave Macmillan |
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