
Contents
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I. Introduction I. Introduction
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II. Maximilian’s Ordinance of 14 December 1489 II. Maximilian’s Ordinance of 14 December 1489
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III. Particular Grants III. Particular Grants
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1. The Disputed Issues 1. The Disputed Issues
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2. Cases 2. Cases
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IV. Claims for Payment in ‘Heavy’ Money IV. Claims for Payment in ‘Heavy’ Money
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V. The Redemption of Rents V. The Redemption of Rents
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VI. Interim Conclusion VI. Interim Conclusion
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VII. From Legal Practice to Legal Doctrine: Nicolaus Everardus’ Consilium 105 VII. From Legal Practice to Legal Doctrine: Nicolaus Everardus’ Consilium 105
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1. Other Transactions 1. Other Transactions
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2. Authoritative Texts of the Corpora Iuris 2. Authoritative Texts of the Corpora Iuris
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3. Rationes: Logical Reasoning Explicitly Drawing from Legal Authorities 3. Rationes: Logical Reasoning Explicitly Drawing from Legal Authorities
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4. Doctrinal Authorities (Auctoritates) 4. Doctrinal Authorities (Auctoritates)
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(a) The communis opinio (a) The communis opinio
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(b) Ludovicus Romanus’ dissenting view (b) Ludovicus Romanus’ dissenting view
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VIII. Concluding Remarks VIII. Concluding Remarks
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IX. Appendix: Ordinance of December 1489 IX. Appendix: Ordinance of December 1489
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9 The ‘Reduction’ of Money in the Low Countries c.1489–1515
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Published:January 2016
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Abstract
This chapter examines the decrease in the value of money in the Low Countries during the fifteenth and sixteenth centuries following the death of Charles the Bold, the last Duke of Burgundy from the House of Valois. His death allowed the emerging Habsburg regime to take control of Burgundy. During the years of crisis, revolts against the regime and the ensuing civil war contributed to the destabilization of trade and the economy. The chapter looks into the litigation records of the period, dealing with the payment of renten—rents or annuities. It examines how cities, mainly as debtors of such rents, were affected by the instability of currency rates brought about by the conflict. This instability was mainly due to the progressive debasement of the currency. Another factor was an ordinance passed by Emperor Maximilian I in 1489, which revaluated the currency, sparking disputes among creditors and cities.
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