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Het lichaam van het dorp : Publieke schuld op het Hollandse platteland rond 1500

Zuijderduijn, Jaco LU (2008) In Tijdschrift voor Sociale en Economische Geschiedenis 5(4). p.107-132
Abstract

Public debt soared in the late-medieval Low Countries: towns borrowed considerable sums from creditors and often ended up defaulting on their financial obligations. The author uses a tax inquiry from 1514 to demonstrate that villages also managed to create funded debt, which they secured on the public body of the village. As a result, around 1500 the majority of the villages in Holland owed annuities to local and foreign creditors. This public debt was particularly contracted to be able to pay taxes to the sovereign, but it also allowed villages to invest in water management and mills and to protect themselves against encroachments by noblemen and towns. Thus they could use their access to capital markets to defend the interests of the... (More)

Public debt soared in the late-medieval Low Countries: towns borrowed considerable sums from creditors and often ended up defaulting on their financial obligations. The author uses a tax inquiry from 1514 to demonstrate that villages also managed to create funded debt, which they secured on the public body of the village. As a result, around 1500 the majority of the villages in Holland owed annuities to local and foreign creditors. This public debt was particularly contracted to be able to pay taxes to the sovereign, but it also allowed villages to invest in water management and mills and to protect themselves against encroachments by noblemen and towns. Thus they could use their access to capital markets to defend the interests of the public body and its members. Furthermore, the possibilities villages had to borrow and the conditions against which these loans were contracted, tell us a lot about the level of sophistication of capital markets in late-medieval Holland.

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author
organization
alternative title
To the credit of the village. Public debt in the countryside of Holland around 1500
publishing date
type
Contribution to journal
publication status
published
subject
in
Tijdschrift voor Sociale en Economische Geschiedenis
volume
5
issue
4
pages
26 pages
publisher
International Institute of Social History
external identifiers
  • scopus:77449155678
ISSN
1572-1701
language
Other
LU publication?
yes
id
c94f54a4-728f-458e-bf12-c15aa8cf5053
alternative location
http://www.tseg.nl/2008/4-zuijderduijn.pdf
date added to LUP
2016-09-15 16:08:18
date last changed
2017-01-01 08:33:56
@article{c94f54a4-728f-458e-bf12-c15aa8cf5053,
  abstract     = {<p>Public debt soared in the late-medieval Low Countries: towns borrowed considerable sums from creditors and often ended up defaulting on their financial obligations. The author uses a tax inquiry from 1514 to demonstrate that villages also managed to create funded debt, which they secured on the public body of the village. As a result, around 1500 the majority of the villages in Holland owed annuities to local and foreign creditors. This public debt was particularly contracted to be able to pay taxes to the sovereign, but it also allowed villages to invest in water management and mills and to protect themselves against encroachments by noblemen and towns. Thus they could use their access to capital markets to defend the interests of the public body and its members. Furthermore, the possibilities villages had to borrow and the conditions against which these loans were contracted, tell us a lot about the level of sophistication of capital markets in late-medieval Holland.</p>},
  author       = {Zuijderduijn, Jaco},
  issn         = {1572-1701},
  language     = {mis},
  number       = {4},
  pages        = {107--132},
  publisher    = {International Institute of Social History},
  series       = {Tijdschrift voor Sociale en Economische Geschiedenis},
  title        = {Het lichaam van het dorp : Publieke schuld op het Hollandse platteland rond 1500},
  volume       = {5},
  year         = {2008},
}