Os padrões de juro da Misericórdia de Lisboa, 1767-1797
This text examines the effects of the royal regulation on increasing the incentives to the Lisbon Misericórdia to acquire public debt instruments (“padrões de juro”). It focuses on the analysis of the credit activity of the brotherhood before and after the royal charter of January 31, 1775, by which...
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| Format: | Article |
| Language: | English |
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Associação de Actividades Científicas
2019-07-01
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| Series: | Ler História |
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| Online Access: | https://journals.openedition.org/lerhistoria/4730 |
| _version_ | 1797309430528737280 |
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| author | Lisbeth Rodrigues |
| author_facet | Lisbeth Rodrigues |
| author_sort | Lisbeth Rodrigues |
| collection | DOAJ |
| description | This text examines the effects of the royal regulation on increasing the incentives to the Lisbon Misericórdia to acquire public debt instruments (“padrões de juro”). It focuses on the analysis of the credit activity of the brotherhood before and after the royal charter of January 31, 1775, by which the Misericórdia was forbidden to lend money to particular individuals. It puts forward the hypothesis that the royal decree might have had a crowding out effect, that is, a shift in lending toward the crown. Data reveal that the Misericórdia expanded its participation in the public credit market due to this charter, particularly between 1782 and 1792, when it bought a significant amount of debt either in the primary (directly to the Exchequer) and in the secondary market (to private individuals). |
| first_indexed | 2024-03-08T01:27:14Z |
| format | Article |
| id | doaj.art-c81060d7b2324fdf9c26d262ad48f886 |
| institution | Directory Open Access Journal |
| issn | 0870-6182 |
| language | English |
| last_indexed | 2024-03-08T01:27:14Z |
| publishDate | 2019-07-01 |
| publisher | Associação de Actividades Científicas |
| record_format | Article |
| series | Ler História |
| spelling | doaj.art-c81060d7b2324fdf9c26d262ad48f8862024-02-14T14:00:11ZengAssociação de Actividades CientíficasLer História0870-61822019-07-017413716010.4000/lerhistoria.4730Os padrões de juro da Misericórdia de Lisboa, 1767-1797Lisbeth RodriguesThis text examines the effects of the royal regulation on increasing the incentives to the Lisbon Misericórdia to acquire public debt instruments (“padrões de juro”). It focuses on the analysis of the credit activity of the brotherhood before and after the royal charter of January 31, 1775, by which the Misericórdia was forbidden to lend money to particular individuals. It puts forward the hypothesis that the royal decree might have had a crowding out effect, that is, a shift in lending toward the crown. Data reveal that the Misericórdia expanded its participation in the public credit market due to this charter, particularly between 1782 and 1792, when it bought a significant amount of debt either in the primary (directly to the Exchequer) and in the secondary market (to private individuals).https://journals.openedition.org/lerhistoria/4730public debt securitiesprivate creditregulationLisbon MisericórdiaOld Regime |
| spellingShingle | Lisbeth Rodrigues Os padrões de juro da Misericórdia de Lisboa, 1767-1797 Ler História public debt securities private credit regulation Lisbon Misericórdia Old Regime |
| title | Os padrões de juro da Misericórdia de Lisboa, 1767-1797 |
| title_full | Os padrões de juro da Misericórdia de Lisboa, 1767-1797 |
| title_fullStr | Os padrões de juro da Misericórdia de Lisboa, 1767-1797 |
| title_full_unstemmed | Os padrões de juro da Misericórdia de Lisboa, 1767-1797 |
| title_short | Os padrões de juro da Misericórdia de Lisboa, 1767-1797 |
| title_sort | os padroes de juro da misericordia de lisboa 1767 1797 |
| topic | public debt securities private credit regulation Lisbon Misericórdia Old Regime |
| url | https://journals.openedition.org/lerhistoria/4730 |
| work_keys_str_mv | AT lisbethrodrigues ospadroesdejurodamisericordiadelisboa17671797 |