Medievalists.net » Richard of Middleton http://www.medievalists.net Where the Middle Ages Begin Mon, 07 Dec 2015 05:01:19 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.9 Did Purchasing Power Parity Hold in Medieval Europe? http://www.medievalists.net/2014/08/04/purchasing-power-parity-hold-medieval-europe/ http://www.medievalists.net/2014/08/04/purchasing-power-parity-hold-medieval-europe/#comments Mon, 04 Aug 2014 08:22:52 +0000 http://www.medievalists.net/?p=51577 This paper employs a unique, hand-collected dataset of exchange rates for five major currencies (the lira of Barcelona, the pound sterling of England, the pond groot of Flanders, the florin of Florence and the livre tournois of France) to consider whether the law of one price and purchasing power parity held in Europe during the late fourteenth and early fifteenth centuries.

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