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- W2335480427 abstract "Nowadays, most States contract most of their debt in the form of so-called ‘public debt securities.’ Historically in Europe, from the Middle Ages up to early modern times, most sovereigns—at that time, there was little difference between the State and its ruler—were financed by the prominent banking houses of the times, such as the Knights Templar and the de Medici and Fugger families. From a legal perspective, such financing was generally governed by bilateral loan agreements between borrowing sovereign and lender. When, in the Renaissance, the legal systems of Western Europe developed legal doctrines underpinning the incorporation of loan claims in paper documents or registries, official issuers were among the first to make use on a large scale of this innovative financial and legal technique. This system has allowed the borrowing sovereign in particular to access a broader group of lenders and to increase the attractiveness—and thus reduce its..." @default.
- W2335480427 created "2016-06-24" @default.
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- W2335480427 date "2013-12-01" @default.
- W2335480427 modified "2023-09-27" @default.
- W2335480427 title "Private law underpinnings of public debt securities markets" @default.
- W2335480427 doi "https://doi.org/10.1093/ulr/unt025" @default.
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