Crisis, herstel en continuïteit. De vastgoedmarkt van het Gentse platteland doorheen oorlogstijd in de tweede helft van de achttiende eeuw.

Land rights, local financial development and industrial activity: evidence from Flanders (nineteenth–early twentieth century)

“…The mortgage register also made it possible for creditors to appeal the sale of a property. Finally, recent research on the rural land market in Flanders during the final decades of the eighteenth century and the dawn of the nineteenth century has shown that transaction costs around the 1780s were approximately 110% higher than during the first quarter of the nineteenth century (De Reu and De Vijlder 2014). By the time Napoleon's armies were defeated in the battle of Waterloo, an age-old system of institutions, social conventions and mores had been uprooted and replaced by a new framework.…”

“…While these mechanisms enabled the extension of credit outside of the geographical boundaries of the village, credit networks hardly ever transcended the local sphere. More often than not they remained based on a personal connection between borrowers and lenders, whether or not facilitated by intermediaries (De Reu and De Vijlder 2014). Consequently, factor markets were dominated by affluent locals (Lambrecht 2009;Limberger 2009;Brennan 2006;Schofield and Lambrecht 2009).…”