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Frontiers of Finance: The Political Economy of Public Debt in the Dutch Republic

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This book analyses the political economy of provincial public debt within the federal Dutch Republic. Frontiers of Finance: The Political Economy of Public Debt in the Dutch Republic shows that the...
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  • 11 December 2025
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This book analyses the political economy of provincial public debt within the federal Dutch Republic. Frontiers of Finance: The Political Economy of Public Debt in the Dutch Republic shows that the domestic effect of Holland's financial revolution and Amsterdam's subsequent rise to an international financial centre was limited. Instead, the fiscal and legal fragmentation caused differences in risk, capital supply, transaction costs and, consequently, borrowing costs. The merits of Holland’s financial revolution were thus not transferable to another context. The results are relevant for wider debates about the role of institutions and the financial sector for economic growth.
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Price: $162.00
Pages: 370
Publisher: Brill
Imprint: Brill
Series: Library of Economic History
Publication Date: 11 December 2025
ISBN: 9789004433205
Format: Hardcover
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Alberto Feenstra, Ph.D. (2018), University of Amsterdam, is postdoctoral researcher at Utrecht University. He publishes on Dutch financial history, including provincial debt and monetary colonial history.