Debasements, Royal Revenues, and Inflation in France During the Hundred Years' War, 1415–1422
- 3 March 1993
- journal article
- research article
- Published by Cambridge University Press (CUP) in The Journal of Economic History
- Vol. 53 (1) , 44-70
- https://doi.org/10.1017/s0022050700012389
Abstract
Historians of the period have generally played down the debasement of France's coinage to increase crown revenues during the Hundred Years' War or treated it as a last resort and an inept one. Based on archival data and an analytical framework drawn from the modern literature on inflation tax, this article supports challengers of that view, showing that debasement was an effective instrument of public finance.Keywords
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