Evading the 'taint of usury' complex contracts and segmented capital markets
What were the economic consequences of the usury doctrine in the Middle Ages? We examine how merchants attempted to evade the prohibition on interest and the attempts of the Church to clamp down on evasion. Contrary to the views of many economists and historians, the usury prohibition imposed diff...
| Main Author: | |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2008
|