The Roman market was a paragon of effective public debt management. The reason for this success was the confidence that the Camera Apostolica (Apostolic Chamber), the main government body, was able to inspire throughout the centuries, thanks to the low risk and the relatively higher returns paid, compared to other instruments, though the area did not provide significant investment alternatives. This article will describe and study the organization, the use and the actors of the Roman public debt through a long-run analysis, setting it within the European financial system.
Public Debt and the Quality of Investors in Rome and the Pontifical State Between the 16th and 18th Centuries / Strangio, Donatella. - ELETTRONICO. - 60/june 2009:(2009), pp. 1-19.
Public Debt and the Quality of Investors in Rome and the Pontifical State Between the 16th and 18th Centuries
STRANGIO, Donatella
2009
Abstract
The Roman market was a paragon of effective public debt management. The reason for this success was the confidence that the Camera Apostolica (Apostolic Chamber), the main government body, was able to inspire throughout the centuries, thanks to the low risk and the relatively higher returns paid, compared to other instruments, though the area did not provide significant investment alternatives. This article will describe and study the organization, the use and the actors of the Roman public debt through a long-run analysis, setting it within the European financial system.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.