Zanden, Jan Luiten van; Zuijderduijn, Jaco; Moor, Tine De - In: European Review of Economic History 16 (2012) 1, pp. 3-22
In this paper, we analyse the functioning of private capital markets in Holland in the late medieval period. We argue that in the absence of banks and state agencies involved in the supply of credit, entrepreneurs' access to credit was determined by two interrelated factors. The first was the...