The Development of Zinzendorf’s Thinking on State Credit

Simon Adler ()
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Simon Adler: Austrian Academy of Sciences

Chapter Chapter 5 in Political Economy in the Habsburg Monarchy 1750–1774, 2020, pp 135-189 from Palgrave Macmillan

Abstract: Abstract This chapter sets out Zinzendorf thinking on state credit. Starting with his plans for war finance for the Seven Years’ War, the chapter traces the development of Zinzendorf’s thinking for a robust financial system for the Habsburg monarchy with equal relevance for war and peacetime. The system was based on the creation of a stock exchange together with a new independent political bank. The latter was modelled on the Bank of England. An important section of the chapter is dedicated to Zinzendorf’s detailed survey of 12 European banks which he divided into banks for the expansion of commerce, banks for the increase in the supply of money and political banks.

Keywords: State credit; War finance; European banks; Stock exchange; Political bank (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-030-31007-3_5

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DOI: 10.1007/978-3-030-31007-3_5

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