Redistribution and Long-Term Private Debt in Paris, 1660–1726
基于巴黎公证记录的大样本,研究了17世纪末18世纪初巴黎长期私人信贷市场,分析政府再分配(如违约、银行改革、货币操纵)如何影响私人借贷双方,并估算1662至1789年的私人债务水平。
Based on a large sample from Parisian notarial records, this article examines the long-term private credit market in Paris in the late seventeenth and early eighteenth centuries and analyzes how it was affected by government-caused redistribution. It estimates the level of private indebtedness from 1662 to 1789, explains the problems the credit market faced, and determines who profited and who lost when government defaults, banking reforms, and currency manipulations struck private borrowers and lenders. It concludes by accounting for the expansion of the credit market in the last half of the eighteenth century.