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Alien finance and the development of the English economy, 1285-13111

Bibliographic Data

ID3364500
AuthorsPamela Nightingale (University of Oxford, corresponding author)
Year2013
Volume66
Issue2
Pages477-496
Publication date2013-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic History Review (JOURNAL)
Journal identifiersISSN: 0013-0117 • E-ISSN: 1468-0289
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1468-0289.2012.00657.x
OpenAlexW1513936753
LanguageEN
Citations received2
References cited20

The contribution of alien, particularly Italian, investment to the development of the medieval English economy has provoked opposing views which hitherto have had to rely chiefly on customs records and evidence of Italian loans to the state for statistical evidence. These, though, vary in their coverage and do not record the inland trade. This article uses the Statute Merchant certificates of debt from 1285 to analyse changing levels of commercial investment by alien and denizen merchants throughout all areas of the kingdom. It shows that Italian investment was declining from the 1280s in line with falling imports of foreign silver. It discusses the causes of this decline, and the effect on alien and denizen credit of imports of counterfeit sterling coins produced by European mints. It relates these financial developments in England, France, and Flanders to the sequence of events which led to English merchants increasing their numbers and mercantile capital at the beginning of the fourteenth century when they were first able to establish their domination of the country's export trade in wool

Alien · Ancient history · Business · Capital (architecture) · Counterfeit · Debt · Economic history · Economics · Economy · International trade · Investment (military) · Political science · State (computer science) · Finance · Historical Economic and Social Studies · History · Law · Medieval History and Crusades · Medieval Literature and History

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Unique citing works2
Citations per year0,2
Citation span2016 - 2019 (4)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 2
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