Hostname: page-component-78c5997874-dh8gc Total loading time: 0 Render date: 2024-11-19T00:53:07.264Z Has data issue: false hasContentIssue false
  • English
  • Français

Debasements, Royal Revenues, and Inflation in France During the Hundred Years' War, 1415–1422

Published online by Cambridge University Press:  03 March 2009

Nathan Sussman
Nathan Sussman
Affiliation:
Assistant Professor of Economics at the University of Western Ontario, London, Ontario N6A 5C2, Canada.
Get access Rights & Permissions [Opens in a new window]

Abstract

Historians of the period have generally played down the debasement of France's coinage to increase crown revenues during the Hundred Years' War or treated it as a last resort and an inept one. Based on archival data and an analytical framework drawn from the modern literature on inflation tax, this article supports challengers of that view, showing that debasement was an effective instrument of public finance.

Type
Articles
Information
The Journal of Economic History , Volume 53 , Issue 1 , March 1993 , pp. 44 - 70
Copyright
Copyright © The Economic History Association 1993

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Allmand, Christopher T., The Hundred Years War (Cambridge, 1988).CrossRefGoogle Scholar
Barro, Robert J., “Money and the Price Level under the Gold Standard,” The Economic Journal, 89 (03 1979), pp. 13–33.Google Scholar
Bordo, Michael D., “Money Deflation and Seignorage in the 15th Century,” Journal of Monetary Economics, 18 (11 1986), pp. 337–46.CrossRefGoogle Scholar
Cazelles, Raymond, “Quelques réflexions a propos des mutations de la monnaie royale Française (1295–1360),” Le moyen age, 72 (No. 2, 1966), pp. 83–105, 251–68.Google Scholar
Cuvillier, Jean P., “Notes on the Royal Coinage in France from the XIVth to the XVth Centuries,” Journal of European Economic History, 8 (Winter 1979), pp. 117–29.Google Scholar
Fischer, Stanley, “Monetary Rules and Commodity Money Schemes under Uncertainty,” Journal of Monetary Economics, 17 (01 1986), pp. 21–35.CrossRefGoogle Scholar
Fournial, Etienne, Histoire monétaire de l'Occident medieval (Paris, 1970).Google Scholar
Gould, John D., The Great Debasement (Oxford, 1970).Google Scholar
Guenée, Bernard, L'Occident aux XIVe et XVe siècles, les états (Paris, 1981).Google Scholar
Isère, A. D. (Archives Départementales), Ser. B VIII; B2817–B2819.Google Scholar
Kindleberger, Charles P., “The Economic Crisis of 1619 to 1623,” this Journal, 51 (03 1991), pp. 149–75.CrossRefGoogle Scholar
Lafaurie, Jean, Les monnaies des rois de France (Paris, 1951).Google Scholar
Landry, Adolphe, Essai économique sur les mutations des monnaies dans l'ancienne France de Philippe le Bel a Charles VII (Paris, 1910).Google Scholar
Le, Blanc, Traite historique des monnaies de France (Paris, 1690).Google Scholar
Miskimin, Harry A., Money, Prices and Foreign Exchange in Fourteenth Century France (New Haven, 1964).Google Scholar
Miskimin, Harry A., Money and Power in Fifteenth Century France (New Haven, 1984).CrossRefGoogle Scholar
Motomura, Akira, “The Best and Worst of Currencies: Optimal Seignorage and Currency Policy in Spain (Castile) 1597–1560” (Unpublished manuscript, Albion College, Albion, MI, 1992).Google Scholar
Munro, John H. A., Wool Cloth and Gold (Toronto, 1972).Google Scholar
Perroy, Edouard, The Hundred Years War (Bloomington, 1959).Google Scholar
Rey, Maurice, Le domaine du roi et les finances extraordinaires sous Charles VI (Paris, 1965).Google Scholar
Sargent, Thomas J., and Wallace, Neil, “A Model of Commodity Money,” Journal of Monetary Economics, 12 (07 1983), pp. 163–87.CrossRefGoogle Scholar
Saulcy, Ferdinand L. de, Recueil de documents relatifs a l'histoire des monnaies (Caen, 1888).Google Scholar
Serres, Borelli de, Divers services publics (Paris, 1909).Google Scholar
Shirley, Janet, A Parisian Journal 1405–1449 (English translation, Oxford, 1968).Google Scholar
Sorenson, David W., “Silver and Billon Coinage in France under Charles VI” (Ph.D.diss., Queen's College, Cambridge, 1988).Google Scholar
Spufford, Peter, Handbook of Medieval Exchange (Cambridge, 1986).Google Scholar
Spufford, Peter, Money and its Use in Medieval Europe (Cambridge, 1988).CrossRefGoogle Scholar
Sumption, Jonathan, The Hundred Years War (London, 1990), vol. 1.Google Scholar
Sussman, Nathan, “Mints and Debasements: Monetary Policy in France during the Second Phase of the Hundred Years War” (Ph.D. diss., University of California, Berkeley, 1990).Google Scholar
Vuitry, Adolphe M., Études sur le régime financier de la France avant 1789 (Paris, 1878–1883), vols. 1–3.Google Scholar
Werveke, Hans van, “Currency Manipulations in the Middle Ages: The Case of Louis Male, Count of Flanders,” Transactions of the Royal Historical Society, 4th series, 31 (1948), pp. 115–27.CrossRefGoogle Scholar
Wolfe, Martin, The Fiscal System of Renaissance France (New Haven, 1972).Google Scholar
Wolff, Philippe, Commerces et marchands de Toulouse (vers 1350–vers 1450) (Paris, 1954).Google Scholar