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International Government Finance and the Amsterdam Capital Market, 17401815 free ebook download

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Finances and Money

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Author(s):	James Riley

Date:	2009	Format:	PDF	Language:	English	ISBN/ASIN:	0521226775
Pages:	377	OCR:		Quality:		ISBN13:
Uploader:	Gustavi	Upload Date:	1/19/2020 4:54:34 PM

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During the eighteenth century European governments began systematically using an international credit structure whose centre was the Amsterdam capital market. This book reconstructs that system and surveys its principal effects on the European and especially the Dutch economies. Eighteenth-century states borrowed chiefly to finance wars and, increasingly toward the century's end, debts from earlier wars. Military and naval spending and debt service together consumed up to eighty percent of peacetime revenues and more in war. Borrowing on international markets stabilised previously disruptive deficit financing techniques and moderated the economic consequences of sharply irregular war spending. This development however, eased the problems of war-making more than it developed national economies or enhanced prosperity. The Dutch, heretofore seen as having squandered the advantage of cheap credit, actually faced the difficult problem of finding productive uses for their savings at satisfactory returns.

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Tags: Amsterdam Capital Finance Government International Market

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International Government Finance and the Amsterdam Capital Market, 17401815 free ebook download

Category: Finances and Money

Description: Click to see full description

Category:
Finances and Money