Merchant Banking in the Medieval and Early Modern Economy

Kohn, Meir

doi:10.2139/ssrn.151850

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Merchant Banking in the Medieval and Early Modern Economy

Dartmouth College, Department of Economics Working Paper No. 99-05

26 Pages Posted: 9 Mar 1999

See all articles by Meir Kohn

Meir Kohn

Dartmouth College - Department of Economics

Date Written: February 1999

Abstract

This paper describes the evolution of merchant banks--merchants who specialized in remittance and credit. It examines the sources of their funds and the use to which they put them in exchange trading, commercial credit, and sovereign lending. It discusses the methods the banks used to manage liquidity and risk and the crises that resulted from sovereign defaults.

JEL Classification: F31, F34, G15, N23

Suggested Citation: Suggested Citation

Kohn, Meir G., Merchant Banking in the Medieval and Early Modern Economy (February 1999). Dartmouth College, Department of Economics Working Paper No. 99-05, Available at SSRN: https://ssrn.com/abstract=151850 or http://dx.doi.org/10.2139/ssrn.151850