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Medieval and Early Modern Coinage and its Problems

Dartmouth College, Department of Economics Working Paper No. 99-02

37 Pages Posted: 9 Mar 1999  

Meir Kohn

Dartmouth College - Department of Economics

Date Written: February 1999

Abstract

This paper describes the chaotic monetary environment of medieval and early modern Europe. The poor quality of the coinage was a result both of problems with the supply of bullion and with deficiencies of monetary policy. The paper examines the supply and demand of bullion and the determinants of bullion flows. It then discusses the economics and politics of debasement. It concludes with a description of how commerce adapted to this inhospitable monetary environment.

JEL Classification: E31, E42, N13

Suggested Citation

Kohn, Meir, Medieval and Early Modern Coinage and its Problems (February 1999). Dartmouth College, Department of Economics Working Paper No. 99-02. Available at SSRN: https://ssrn.com/abstract=151828 or http://dx.doi.org/10.2139/ssrn.151828

Meir Kohn (Contact Author)

Dartmouth College - Department of Economics ( email )

Rockefeller Hall 6106
Hanover, NH 03755
United States
603-646-2648 (Phone)
603-643-2122 (Fax)

HOME PAGE: http://www.dartmouth.edu/~mkohn/

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