Gestione del debito pubblico e costituzione delle banche centrali

Pittaluga, Giovanni B. (2006) Gestione del debito pubblico e costituzione delle banche centrali. In: La Casa di San Giorgio: il potere del Credito. Atti del convegno, Genova, 11 e 12 novembre 2004. Atti della Società Ligure di Storia Patria. Nuova serie (46/2). Società Ligure di Storia Patria, Genova, pp. 221-233.

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The paper emphasizes the distinction between «property rights institutions», which protect citizens against expropriation by the government, and «contracting institutions», which enable private contracts between citizens. During the Medieval Age, while the State was weak, «contracting institutions» have been prevailing. San Giorgio can be seen as an expression of different forms of «contracting institutions». This kind of institutions allowed to reduce the risk on the debt issued by the Republic of Genoa. However, in the Middle Age, without a strong State, the level of public debt risk remained high and could be substantially lessened only through the constitution of «property rights institutions», like central banks.

Item Type: Book Section
Subjects: D History General and Old World > D History (General) > D111 Medieval History
Depositing User: Stefano Gardini
Date Deposited: 27 Feb 2021 06:46
Last Modified: 27 Feb 2021 06:46


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