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Credit and Trade in Later Medieval England, 1353-1532Boom and Bust: Patterns of Borrowing in Later Medieval England

Credit and Trade in Later Medieval England, 1353-1532: Boom and Bust: Patterns of Borrowing in... [The virtually complete record of the certificates of defaulting debtors sent to Chancery and the resulting extents of debt allow an unusually full assessment to be made of changes in the English economy over the 179 years in which the Statute Staple debt registration system was in use, particularly with respect to periods of economic growth and recession. This chapter assesses the patterns of certificate generation resulting from defaulted debt transactions from 14 English Staple and Merchant courts between 1353 and 1532. These Staple defaults act here as a barometer, or guide, to the volume of credit being extended within the English economy. The analysis of these patterns is predicated upon the self-evident maxim that changes in the availability of credit—of which the Staple credit was an integral part—within the economy is a viable measure of the robustness of that economy. The chapter sub-divides the period into four sections divided into (roughly) 50-year terms in order to more closely examine the processes of, and context for, shifts in the availability of credit. It then goes on to consider ways in which theoretical approaches might help to establish wider frames of reference for these chronological movements in terms of a cyclical approach to economic change and the ‘shocks’ that are often considered the mainspring for change.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Credit and Trade in Later Medieval England, 1353-1532Boom and Bust: Patterns of Borrowing in Later Medieval England

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-137-48985-2
Pages
97 –146
DOI
10.1057/978-1-137-48987-6_3
Publisher site
See Chapter on Publisher Site

Abstract

[The virtually complete record of the certificates of defaulting debtors sent to Chancery and the resulting extents of debt allow an unusually full assessment to be made of changes in the English economy over the 179 years in which the Statute Staple debt registration system was in use, particularly with respect to periods of economic growth and recession. This chapter assesses the patterns of certificate generation resulting from defaulted debt transactions from 14 English Staple and Merchant courts between 1353 and 1532. These Staple defaults act here as a barometer, or guide, to the volume of credit being extended within the English economy. The analysis of these patterns is predicated upon the self-evident maxim that changes in the availability of credit—of which the Staple credit was an integral part—within the economy is a viable measure of the robustness of that economy. The chapter sub-divides the period into four sections divided into (roughly) 50-year terms in order to more closely examine the processes of, and context for, shifts in the availability of credit. It then goes on to consider ways in which theoretical approaches might help to establish wider frames of reference for these chronological movements in terms of a cyclical approach to economic change and the ‘shocks’ that are often considered the mainspring for change.]

Published: Jun 22, 2016

Keywords: Gross Domestic Product; Business Cycle; Money Supply; Fifteenth Century; Fourteenth Century

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