17世纪伦敦的金融发展:重新审视金融革命

IF 2.5 1区 历史学 Q2 ECONOMICS Journal of Economic History Pub Date : 2022-04-26 DOI:10.1017/s0022050722000134
Nathan Sussman
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引用次数: 3

摘要

伦敦公司支付的一系列新利率显示,伦敦的利率在17世纪下降了350个基点。欧洲也出现了类似的下降趋势。公司档案中的记录为金融发展提供了证据:债务工具的数量和数量增加,贷方数量增加,二级市场的发展。计量经济学分析表明,增加债务工具的流动性有助于伦敦和阿姆斯特丹之间的利率趋同。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

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Financial Developments in London in the Seventeenth Century: The Financial Revolution Revisited

A novel series of interest rates paid by the Corporation of London shows that interest rates in London declined by 350 basis points during the seventeenth century. The decline followed a similar pattern in Europe. Records from the Corporation’s archive provide evidence for financial development: an increase in the number and volume of debt instruments, an increase in the number of lenders, and the development of a secondary market. Econometric analysis establishes that increasing the debt instruments’ liquidity contributed to the convergence of interest rates between London and Amsterdam.

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来源期刊
CiteScore
2.80
自引率
4.80%
发文量
38
期刊介绍: The Journal of Economic History is devoted to the multidisciplinary study of history and economics, and is of interest not only to economic historians but to social and demographic historians, as well as economists in general. The journal has broad coverage, in terms of both methodology and geographic scope. Topics covered include money and banking, trade, manufacturing, technology, transportation, industrial organisation, labour, agriculture, servitude, demography, education, economic growth, and the role of government and regulation. In addition, an extensive book review section keeps readers informed about the latest work in economic history and related fields.
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