Conveners
S73. MIDDLE AGES 11. MEDIEVAL MONETARY ECONOMY
- Petr Vorel (University of Pardubice)
The paper analyzes how minting authorities can increase seigniorage through emergency debasements. It examines mechanisms and incentives created by the authorities to withdraw bullion and old/foreign coins from circulation for re-minting. Firstly, in the early phase of an emergency debasement cycle, there are price-lags between the price of silver and consumer prices, since the latter prices...
The hoard from Dębrznik (Lower Silesia) was discovered in 1961. Numbering 6,300 coins it is one of the largest such deposits from this area. The hoard includes Bohemian, Silesian, Lusatian, Polish, German and Hungarian coins. The tpq of 1526 is established by the Bohemian coins of Ferdinand I. In our paper, we propose to focus on the Bohemian coins, including Prague groschen of Wenceslas IV,...
During the Middle Ages and early modern times, coinage was often characterized by a shortage of small change. The main reason was the higher cost of production of low denominations, which encouraged the authorities to mint higher denominations. Another factor was that small change was better as a means of payment than larger denominations, which led the people to hold on to the small coins. In...
