Abstract
In September 2007, the collapse of the Northern Rock Bank heralded a devastating financial crisis. That became evident with the failure of one of the biggest financial firms of the world, the Lehman Brothers in 2008. Before this, modern financial markets appeared robust and working efficiently: prosperity seemed unlimited and stability unquestionable. The crisis shifted soon from the financial sector to the real economy, infecting it with dramatic consequences on individuals’ lives, bringing with it recession and unemployment. This moment marked a watershed putting into discussion the current paradigms.
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Notes
- 1.
On the role of notaries in Paris, see the pioneering book by Hoffman et al. (2000). That work gave rise to a flourishing international literature: for the medieval Dutch informal credit market, see Van Zanden et al. (2012); notarized loans in nineteenth-century Milan have been studied by De Luca (2013); the financial activity of notaries in Yucatan was studied by Levy (2012); for the German area, see Clemens and Reupke (2009). For the non-institutional means of credit in early modern Italy, see Carboni and Muzzarelli (2014); Giuffrida et al. (2016); García Guerra and De Luca (2010). See also one of the precursory studies carried out by Gigi Corazzol on notarial credit in sixteenth-century Venice: Corazzol (1986).
- 2.
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Coffman, D., Lorandini, C., Lorenzini, M. (2018). Introduction. In: Lorenzini, M., Lorandini, C., Coffman, D. (eds) Financing in Europe. Palgrave Studies in the History of Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-58493-5_1
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