No Cover Image

Journal article 1171 views 212 downloads

London creditors and the fifteenth-century depression

Matthew Stevens Orcid Logo

The Economic History Review, Volume: 69, Issue: 4, Pages: 1083 - 1107

Swansea University Author: Matthew Stevens Orcid Logo

Check full text

DOI (Published version): 10.1111/ehr.12282

Abstract

Evidence of debts owed to Londoners, and contested before the royal Court of Common Pleas, allows an examination of the role of London creditors in the English depression of the fifteenth century and a reassessment of its causes. Here we examine four main issues. What is the nature of the Court of C...

Full description

Published in: The Economic History Review
ISSN: 0013-0117
Published: Wiley 2016
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa27688
Tags: Add Tag
No Tags, Be the first to tag this record!
first_indexed 2017-05-24T19:34:02Z
last_indexed 2021-01-14T03:44:55Z
id cronfa27688
recordtype SURis
fullrecord <?xml version="1.0"?><rfc1807><datestamp>2021-01-13T15:59:25.1499340</datestamp><bib-version>v2</bib-version><id>27688</id><entry>2016-05-04</entry><title>London creditors and the fifteenth-century depression</title><swanseaauthors><author><sid>24e42c4652a3104d12bc7424d475408d</sid><ORCID>0000-0001-8646-951X</ORCID><firstname>Matthew</firstname><surname>Stevens</surname><name>Matthew Stevens</name><active>true</active><ethesisStudent>false</ethesisStudent></author></swanseaauthors><date>2016-05-04</date><deptcode>AHIS</deptcode><abstract>Evidence of debts owed to Londoners, and contested before the royal Court of Common Pleas, allows an examination of the role of London creditors in the English depression of the fifteenth century and a reassessment of its causes. Here we examine four main issues. What is the nature of the Court of Common Pleas evidence (section I)? What were the three main forms of credit offered by Londoners &#x2013;unsecured cash loans, sales of goods on credit, and written instruments called bonds (section II)? What is yielded by decadal analysis of Londoners&#x2019; extension of credit in the fifteenth century &#x2013;making direct comparisons with Pamela Nightingale&#x2019;s published Statute Merchant and Staple data (section III)? What defines, in modern economic terms, the claim of so called &#x2018;monetarist&#x2019; historians that credit was actively withdrawn during the depression, and how is this verified by the actions of London creditors (section IV)? It is concluded that the records of the Court of Common Pleas provide the detailed evidence monetarist historians have previously lacked both to prove that Londoners actively withdrew credit during the fifteenth century and to demonstrate that they employed pure equilibrium credit rationing in order to do so.</abstract><type>Journal Article</type><journal>The Economic History Review</journal><volume>69</volume><journalNumber>4</journalNumber><paginationStart>1083</paginationStart><paginationEnd>1107</paginationEnd><publisher>Wiley</publisher><placeOfPublication/><isbnPrint/><isbnElectronic/><issnPrint>0013-0117</issnPrint><issnElectronic/><keywords>Medieval, London, Economic history, credit</keywords><publishedDay>1</publishedDay><publishedMonth>11</publishedMonth><publishedYear>2016</publishedYear><publishedDate>2016-11-01</publishedDate><doi>10.1111/ehr.12282</doi><url>http://dx.doi.org/10.1111/ehr.12282</url><notes>This is the peer reviewed accepted manuscript of "London creditors and the fifteenth-century depression" published in Economic History Review at http://onlinelibrary.wiley.com/doi/10.1111/ehr.12282/epdf.</notes><college>COLLEGE NANME</college><department>History</department><CollegeCode>COLLEGE CODE</CollegeCode><DepartmentCode>AHIS</DepartmentCode><institution>Swansea University</institution><apcterm/><lastEdited>2021-01-13T15:59:25.1499340</lastEdited><Created>2016-05-04T16:51:47.6486971</Created><path><level id="1">Faculty of Humanities and Social Sciences</level><level id="2">School of Culture and Communication - History</level></path><authors><author><firstname>Matthew</firstname><surname>Stevens</surname><orcid>0000-0001-8646-951X</orcid><order>1</order></author></authors><documents><document><filename>0027688-02022018152745.pdf</filename><originalFilename>Submission-version-London-creditors-and-the-fifteenth-century-depression.pdf</originalFilename><uploaded>2018-02-02T15:27:45.8300000</uploaded><type>Output</type><contentLength>504851</contentLength><contentType>application/pdf</contentType><version>Accepted Manuscript</version><cronfaStatus>true</cronfaStatus><embargoDate>2018-04-01T00:00:00.0000000</embargoDate><copyrightCorrect>true</copyrightCorrect><language>eng</language></document></documents><OutputDurs/></rfc1807>
spelling 2021-01-13T15:59:25.1499340 v2 27688 2016-05-04 London creditors and the fifteenth-century depression 24e42c4652a3104d12bc7424d475408d 0000-0001-8646-951X Matthew Stevens Matthew Stevens true false 2016-05-04 AHIS Evidence of debts owed to Londoners, and contested before the royal Court of Common Pleas, allows an examination of the role of London creditors in the English depression of the fifteenth century and a reassessment of its causes. Here we examine four main issues. What is the nature of the Court of Common Pleas evidence (section I)? What were the three main forms of credit offered by Londoners –unsecured cash loans, sales of goods on credit, and written instruments called bonds (section II)? What is yielded by decadal analysis of Londoners’ extension of credit in the fifteenth century –making direct comparisons with Pamela Nightingale’s published Statute Merchant and Staple data (section III)? What defines, in modern economic terms, the claim of so called ‘monetarist’ historians that credit was actively withdrawn during the depression, and how is this verified by the actions of London creditors (section IV)? It is concluded that the records of the Court of Common Pleas provide the detailed evidence monetarist historians have previously lacked both to prove that Londoners actively withdrew credit during the fifteenth century and to demonstrate that they employed pure equilibrium credit rationing in order to do so. Journal Article The Economic History Review 69 4 1083 1107 Wiley 0013-0117 Medieval, London, Economic history, credit 1 11 2016 2016-11-01 10.1111/ehr.12282 http://dx.doi.org/10.1111/ehr.12282 This is the peer reviewed accepted manuscript of "London creditors and the fifteenth-century depression" published in Economic History Review at http://onlinelibrary.wiley.com/doi/10.1111/ehr.12282/epdf. COLLEGE NANME History COLLEGE CODE AHIS Swansea University 2021-01-13T15:59:25.1499340 2016-05-04T16:51:47.6486971 Faculty of Humanities and Social Sciences School of Culture and Communication - History Matthew Stevens 0000-0001-8646-951X 1 0027688-02022018152745.pdf Submission-version-London-creditors-and-the-fifteenth-century-depression.pdf 2018-02-02T15:27:45.8300000 Output 504851 application/pdf Accepted Manuscript true 2018-04-01T00:00:00.0000000 true eng
title London creditors and the fifteenth-century depression
spellingShingle London creditors and the fifteenth-century depression
Matthew Stevens
title_short London creditors and the fifteenth-century depression
title_full London creditors and the fifteenth-century depression
title_fullStr London creditors and the fifteenth-century depression
title_full_unstemmed London creditors and the fifteenth-century depression
title_sort London creditors and the fifteenth-century depression
author_id_str_mv 24e42c4652a3104d12bc7424d475408d
author_id_fullname_str_mv 24e42c4652a3104d12bc7424d475408d_***_Matthew Stevens
author Matthew Stevens
author2 Matthew Stevens
format Journal article
container_title The Economic History Review
container_volume 69
container_issue 4
container_start_page 1083
publishDate 2016
institution Swansea University
issn 0013-0117
doi_str_mv 10.1111/ehr.12282
publisher Wiley
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Culture and Communication - History{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Culture and Communication - History
url http://dx.doi.org/10.1111/ehr.12282
document_store_str 1
active_str 0
description Evidence of debts owed to Londoners, and contested before the royal Court of Common Pleas, allows an examination of the role of London creditors in the English depression of the fifteenth century and a reassessment of its causes. Here we examine four main issues. What is the nature of the Court of Common Pleas evidence (section I)? What were the three main forms of credit offered by Londoners –unsecured cash loans, sales of goods on credit, and written instruments called bonds (section II)? What is yielded by decadal analysis of Londoners’ extension of credit in the fifteenth century –making direct comparisons with Pamela Nightingale’s published Statute Merchant and Staple data (section III)? What defines, in modern economic terms, the claim of so called ‘monetarist’ historians that credit was actively withdrawn during the depression, and how is this verified by the actions of London creditors (section IV)? It is concluded that the records of the Court of Common Pleas provide the detailed evidence monetarist historians have previously lacked both to prove that Londoners actively withdrew credit during the fifteenth century and to demonstrate that they employed pure equilibrium credit rationing in order to do so.
published_date 2016-11-01T03:33:38Z
_version_ 1763751408370188288
score 11.012678

Similar Items