Quarterly Journal of Austrian Economics
Author:
Douglas French
Online Publish Date:
characteristic monetary features that come with the spread of banking after the opening of the eighteenth century.” It is highly probable that in Kindleberger’s view to evade the coinage exactions of the European princes; now the door of escape was open; they had only to be sent to Holland, turned into guilders and ducats, and Dutch East India Company had a virtual monopoly on trade with Japan and of course access to their precious metals production from 1611 through the end of the century.