The dual currency system of Renaissance Europe
Luca Fantacci
Abstract The monetary system of late medieval and early modern Europe has been commonly described as irrational, in the light later commodity money standards. In particular, alterations legal value and/or metal content most coins throughout this period have regarded a source disorder product ignorance abuse. This article suggests that whole system, its apparently awkward articulations, may deliberately designed to ensure complementarity between domestic foreign trade. From perspective, appear levers peculiar form policy, with an extra degree freedom compared more instruments, equally open being managed or mismanaged.
Financial History Review