| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15471 |
| DP15471 Financing the rebuilding of the City of London after the Great Fire of 1666 | |
| Nathan Sussman; D'Maris Coffman; Judy Z. Stephenson | |
| 发表日期 | 2020-11-19 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper presents new archival data to analyse how, in the absence of banking or capital market finance, the London Corporation funded the rebuilding of London after the Great Fire of 1666. The City borrowed at rates much lower than previously thought from its citizens and outside investors to replace vital services and to support large improvement works. Borrowing was partly secured on its’ reputation and partly secured by future coal tax receipts. Although records show that the funding from these sources was forthcoming and would have covered costs, and most of the rebuilding project was completed in less than a decade, having invested in public goods without generating the expected fiscal flows, the City defaulted in 1683. |
| 主题 | Economic History |
| 关键词 | England Financial development Financial intermediation Growth Interest rate Default |
| URL | https://cepr.org/publications/dp15471 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544467 |
| 推荐引用方式 GB/T 7714 | Nathan Sussman,D'Maris Coffman,Judy Z. Stephenson. DP15471 Financing the rebuilding of the City of London after the Great Fire of 1666. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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