Money, Banking, and Credit in Medieval Bruges

  title={Money, Banking, and Credit in Medieval Bruges},
  author={Raymond de Roover},
  journal={The Journal of Economic History},
  pages={52 - 65}
  • R. D. Roover
  • Published 1 December 1942
  • Economics, History
  • The Journal of Economic History
In any economic system, whether medieval or modern, “money, banking, and credit,” are so closely connected and interwoven that they cannot be separated. Banking involves the extension of credit, and credit leads to the creation of additional purchasing power or, to use a different phrase, of money substitutes. The importance of credit and banking in medieval times should not be underrated, as is sometimes done by placing undue emphasis on later developments in England. Professor Usher is… 

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