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Private borrowing during the financial revolution: Hoare’s Bank and its customers, 1702-1724

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dc.contributor.author Temin, Peter
dc.contributor.author Voth, Hans-Joachim
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T12:07:53Z
dc.date.available 2017-07-26T12:07:53Z
dc.date.issued 2005-05-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=860
dc.identifier.citation Economic History Review, August 2008, 61 (3), pp. 541-564.
dc.identifier.uri http://hdl.handle.net/10230/364
dc.description.abstract The financial revolution improved the British government s ability to borrow, and thus its ability to wage war. North andWeingast argued that it also permitted private parties to borrow more cheaply and widely.We test these inferences with evidence from a London bank.We confirm that private bank credit was cheap in the early eighteenth century, but we argue that it was not available widely. Importantly, the government reduced the usury rate in 1714, sharply reducing the circle of private clients that could be served profitably.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 860
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Private borrowing during the financial revolution: Hoare’s Bank and its customers, 1702-1724
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:09:34Z
dc.subject.keyword financial revolution
dc.subject.keyword growth
dc.subject.keyword finance
dc.subject.keyword rationing
dc.subject.keyword usury laws
dc.subject.keyword institutional evelopment
dc.subject.keyword eighteenth-century england
dc.subject.keyword Economic and Business History
dc.rights.accessRights info:eu-repo/semantics/openAccess

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