Before the Public Banks: Innovation and Resilience by Charities in Fifteenth-Century Naples

Rosalba Di Meglio ()
Additional contact information
Rosalba Di Meglio: Università di Napoli Federico II

Chapter Chapter 3 in Financial Innovation and Resilience, 2018, pp 55-70 from Palgrave Macmillan

Abstract: Abstract The origins of the two banks of S. Eligio and SS. Annunziata date back to medieval times. Both were originally two hospitals founded by lay confraternities composed of exponents of the bourgeoisie and the mercantile world. Each had a privileged relationship with the monarchy and great prestige in the city. Study of the sources related to the Annunziata show that like all medieval hospitals, the Annunziata attended to a multitude of recipients, delivering them diversified services according to their individual needs. Its archive shows the importance of the business surrounding the charity: through passive (payments) and active operations (use of deposits), it had all the features of a banking institution since the fifteenth century, features formalized more than a century later.

Keywords: Hospitals; S. Eligio of Naples; SS. Annunziata of Naples; Naples; Charities; Administrative books (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:psitcp:978-3-319-90248-7_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9783319902487

DOI: 10.1007/978-3-319-90248-7_3

Access Statistics for this chapter

More chapters in Palgrave Studies in the History of Finance from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().