INTERREGIONAL FLOWS OF CAPITAL AND INFORMATION IN SPAIN: A CASE STUDY OF THE THERESIAN CARMELITE ORDER

Cyril Milhaud

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2019, vol. 37, issue 1, 81-110

Abstract: Recently, new research has challenged the traditional narrative; Spain did not suffer from a ruler that threatened his subjects’ property with excessive taxes and forced loans. Instead, Spanish economic development was held back by decentralised and non-predatory governance, unable to solve the coordination problems blocking the way to more integrated markets. Through the analysis of the governance and loan portfolios of an ecclesiastical order, this paper examines the extent to which mortgage credit markets were fragmented in early modern Spain. This order not only collected resources that it subsequently lent but also pooled them. Indeed, it developed into a nationally integrated organisation able to offer everything from small loans to farmers to substantial amounts to the king and the Madrid elite.

Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:37:y:2019:i:01:p:81-110_00

Access Statistics for this article

More articles in Revista de Historia Económica / Journal of Iberian and Latin American Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().