Financial Crisis and Dynastic Debt, 1557-1627

• Main Author: Carlos Javier de Carlos Morales
• Format: Article
• Language: Spanish
• Published: Universidad Complutense de Madrid 2017-12-01
• Series: Cuadernos de Historia Moderna
• Subjects: Austrias; crisis financieras; deuda dinástica; juros; suspensiones de pagos.
• Online Access: http://revistas.ucm.es/index.php/CHMO/article/view/58072

This article presents the study of the debt crisis of the Habsburgs from three complementary perspectives. First, it presents and discusses the main contributions of modernist historians and economic historians, from the fifties to the latest works published as a result of the recent economic downturn. Second, it reviews the six crises that occurred in this period, with a new approach that part of the contextualization of the original documents inside the evolution of the financial policy of the Habsburgs. Third, the particular and general causes of such serial episodes are measured, using concepts such as liquidity, indebtedness, sustainability, and others found in the recent economic literature on debt crisis.