Frontiers of Finance: The Political Economy of Public Debt in the Dutch Republic / H. Alberto Feenstra.

Format:

Book

Author/Creator:

Feenstra, H. Alberto, author.

Series:

Early Modern History and Modern History E-Books Online, Collection 2025.

Library of Economic History ; 20.

Early Modern History and Modern History E-Books Online, Collection 2025

Library of Economic History ; 20

Language:

English

Subjects (All):

Early Modern History.

Economic history.

History.

Law--History.

Law.

Physical Description:

1 online resource (390 pages)

Edition:

1st ed.

Place of Publication:

Leiden ; Boston : Brill, 2026.

Language Note:

English

Summary:

This book analyses the political economy of provincial public debt within the federal Dutch Republic. Frontiers of Finance: The Political Economy of Public Debt in the Dutch Republic shows that the domestic effect of Holland's financial revolution and Amsterdam's subsequent rise to an international financial centre was limited. Instead, the fiscal and legal fragmentation caused differences in risk, capital supply, transaction costs and, consequently, borrowing costs. The merits of Holland’s financial revolution were thus not transferable to another context. The results are relevant for wider debates about the role of institutions and the financial sector for economic growth.

Contents:

Intro

Half Title Page

Series Page

Title Page

Copyright Page

Contents

Preface

List of Main Events

Graphs

Figures

Tables

Map

Chapter 1 Introduction

1 Historiography

2 Research Questions and Methodology

2.1 A Note on the Sources

3 Set-Up of the Book

Chapter 2 Holland's Central Place within the Dutch Republic

1 The Dutch Federal State Formation Process

1.1 The Birth of the Dutch Republic

1.2 Fiscal System of the Dutch Republic

1.3 Development of the Central Institutions

2 Holland's Public Finance

2.1 Government Budget Balances

2.2 Expenses

2.3 Income

2.3.1 Tax Burden

3 Holland's Public Debt

3.1 Size of the Debt

3.2 Composition and Coupons

3.3 The Private Capital Market

3.4 Secondary Capital Market

4 Conclusion

Chapter 3 Zeeland's Borrowing beyond Frontiers

1 Zeeland's State Formation Processes

2 Economic Developments

2.1 Demographic Developments

2.2 Economic Trends in Zeeland

2.3 Wages

2.4 The Capital Market

3 Public Finance

3.1 Government Budget Balances

3.2 Expenses

3.3 Income

3.3.1 Tax Burden

3.3.2 The Quest for a Reduction Zeeland's Contribution to the Union's Budget

4 Public Debt Management

4.1 Zeeland's Debt Development

4.2 Issuance and Redemption Frequency

4.3 Coupons and Instruments

4.4 Extending the Geographical Scope of the Market

4.5 Secondary Market in Holland and Zeeland

5 Conclusion

Chapter 4 Friesland's Limited Commitment

1 Provincial State Formation and Institutional Context

1.1 Friesland's Reluctance to Contribute to the Republic's Budget

2.2 Economic Trends in Friesland

2.4 The Private Capital Market

3 Friesland's Provincial Public Finances

3.2 Expenses.

3.3 Income

4.1 Friesland's Debt Development

4.2 Coupons and Instruments

4.3 Geographical Scope of the Market

4.4 The Secondary Market

Chapter 5 Federal Power in Groningen

1 Groningen's Unique Institutional Position

2 The Rural Engine of Groningen's Economy

2.2 Wages

2.3 The Centrality of the Rural Economy

2.4 Private Capital Market

4.1 Groningen's Debt Development

Chapter 6 Conclusion

Appendix: Reconstruction of Groningen's Debt, Interest and Reimbursements

Bibliography

Primary Sources

www.delpher.nl, newspaper database (insofar as not in the appendix)

Het Utrechts Archief (HUA)

Historisch Centrum Leeuwarden (HLC)

Krantendatabank Zeeland

Nationaal archief, Den Haag (NL-NA)

Regionaal Historisch Centrum: Groninger Archieven (RHC-GrA)

Stadsarchief Amsterdam (SAA)

Tresoar Frysk Histoarysk en Letterkundich Sintrum (Tresoar)

Zeeuws Archief (ZA)

Literature

Index.

Notes:

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

Description based on print version record.

ISBN:

90-04-74525-4

9789004745254

OCLC:

1561174388

Publisher Number:

10.1163/9789004745254 DOI