Tag: Richard of Middleton

1449 - Medieval Workshop - by Petrus Christus
Articles

Did Purchasing Power Parity Hold in Medieval Europe?

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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