Historical Roots of Microcredit and Usury: The Role of Monti di Pietà in Italy and in the Kingdom of Naples in XV–XX Centuries

Andrea Gatto ()

Journal of International Development, 2018, vol. 30, issue 5, 911-914

Abstract: The study investigates the role of the Monti di Pietà in Italy and in the Kingdom of Naples from the fifteenth to the twentieth century in promoting the development of contemporary microcredit. The object of the research is to run, through the archival sources and regulations promulgated by the Church, a historical analysis on the evolution of the financial instruments, modern features of the operations and microcredit institutes of the contemporary age. The letter identifies a crucial role of the Monti di Pietà in the provision of credit to the poor as a form of contrast to usury and local development. © 2018 John Wiley & Sons, Ltd.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:30:y:2018:i:5:p:911-914

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