In earlier times, societies relied extensively on “ (“I owe you”) to avert the need for settlement in specie. However, an IOU reliant economy is complex and fraught with financial stability risks. These problems can be overcome through clearing, netting and settlement, either without or...

Although funding infrastructure has always been a challenging issue in any country and at any time, the topic is still largely unexplored. A European history of infrastructure financing over the long term does not yet exist, and the purpose of this book is to partially fill that gap. It explores...

"This book examines the forms of estate management in the countryside of Florence and Lucca between the eleventh and the middle of the thirteenth centuries. It argues that their change reflects wider transformations of medieval economic patterns, and specifically the surge in overall demand that...