December 2012
Beginner
634 pages
37h 54m
English
Content preview from Handbook of Key Global Financial Markets, Institutions, and Infrastructure
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Chapter 18
Low Countries Finance, 1348–1700
Outline
Going Separate Ways: The Dutch Revolt
Entering a Vicious Debt Circle
Constrained by Local Particularism: The Austrian Netherlands
Introduction
From the late Middle Ages onward, the Low Countries played a central role in global conflicts and trade, and displayed remarkable economic dynamism. Public financing challenges were at the center of financial innovation, and those challenges reflected the influences of trade and war on government fiscal affairs.
During this period, commercial farming, trade, and manufacturing grew rapidly in the coastal ...
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