Publication:
Philip II against the Cortes and the credit freeze of 1575-1577

Simple item page
dc.affiliation.institutoUC3M. Instituto Figuerola de Historia y Ciencias Socialeses
dc.contributor.authorÁlvarez Nogal, Carlos
dc.contributor.authorChamley, Christophe
dc.contributor.editorUniversidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Socialeses
dc.date.accessioned2015-06-02T12:03:14Z
dc.date.available2015-06-02T12:03:14Z
dc.date.issued2015-06-01
dc.description.abstractNumerous archival documents show how the 1575-1577 payment stop on the contracts with Genoese bankers (asientos) induced a freeze of the domestic credit market through the bankers' intermediation for asientos and credit linkages. Commercial fairs stopped, banks failed and trade suffered while the King granted legal protection to the Genoese bankers. The evidence strikingly confirms that the strategy of Philip II was not directed against the bankers but against the cities that were represented in the Cortes. He forced them to increase their fiscal commitment that funded the domestic debt (juros) into which asientos could be converted. The payment stop lasted until the cities agreed to the doubling of their commitment.es
dc.format.mimetypeapplication/pdf
dc.identifier.issn2341-2542es
dc.identifier.repecwp15-06
dc.identifier.urihttps://hdl.handle.net/10016/20899
dc.identifier.uxxiDT/0000001375es
dc.language.isoenges
dc.relation.ispartofseriesWorking papers in Economic Historyes
dc.relation.ispartofseries15-06es
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.jelN23es
dc.subject.jelN43es
dc.subject.jelH63es
dc.subject.jelF34es
dc.subject.otherdebt fundinges
dc.subject.othersovereign loan defaultses
dc.subject.otherfinancial criseses
dc.subject.othercommercial credit marketses
dc.subject.otherwar of attributiones
dc.titlePhilip II against the Cortes and the credit freeze of 1575-1577es
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
wp1506.pdf
Size:
991.8 KB
Format:
Adobe Portable Document Format
Download
Collections
IFCS - Working Papers in Economic History. WH