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Economic History Yearbook
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Christian Böse describes this history, investigates the organizational structures, and examines the conflicts confronting the key players through the end of the First World War. Focusing on German construction projects within the Reich and in occupied Norway, the study demonstrates how state’s attempts at regulating the sector reached their limits. Taking a microeconomic perspective, it examines the impact that legal norms had on the organizational structure of and financial decisions made by companies. In this study I focus on the role hospitals played in allowing the general population to invest in financial instruments that could serve as old age pensions. Their directors managed portfolios consisting of real estate and financial instruments; as a result, they also handled large quantities of money.
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Stephan Nicolussi-Köhler, Marco Conti and Kirsten WandschneiderInvestment and Saving Opportunities for Different Socio-Economic Groups in Medieval and Early Modern Europe 5This special issue focuses on the financial behaviour of different participants in European medieval and early modern financial markets.
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These provide ample evidence of an active capital and land market in rural areas, which offered various ways of saving and investing money. In Bologna during the communal period (1288–1327), loans seem to have been an investment reserved for the elite of the ruling pars; by contrast, some additional data on loans to the commune during the period of the Visconti lordship (1350–1360) seem to indicate how this form of financing was a way to make the Bolognese participate in the redistribution of public money through the interest received on the loans. In many cases, people did not rely on a single financial institution, but used a variety of financial intermediaries and strategies, each with its own advantages and disadvantages. Borrowing and lending activities were not limited to formal capital markets, but also included informal financial transactions within social networks.
