Introduction: Mortgages and Annuities in Historical Perspective

Briggs, Christopher; Zuijderduijn, Jaco

doi:10.1007/978-3-319-66209-1_1

Cited by 4 publications

(5 citation statements)

References 9 publications

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“…Neither ‘mortgage’, ‘collateral’ nor ‘security’ appear in the index of the volume. Studies in the book edited by Chris Briggs and Jaco Zuijderduijn (2018) confirmed that mortgaging in medieval England was rare. When it occurred it was almost always between geographically proximate lenders and borrowers.…”

Section: Land Alienability and Mortgageability In England Before 1700mentioning

confidence: 97%

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Financial institutions and the British Industrial Revolution: did financial underdevelopment hold back growth?

Hodgson

2021

Journal of Institutional Economics

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This scoping paper addresses the role of financial institutions in empowering the British Industrial Revolution. Prominent economic historians have argued that investment was largely funded out of savings or profits, or by borrowing from family or friends: hence financial institutions played a minor role. But this claim sits uneasily with later evidence from other countries that effective financial institutions have mattered a great deal for economic development. How can this mismatch be explained? Despite numerous technological innovations, from 1760 to 1820 industrial growth was surprisingly low. Could the underdevelopment of financial institutions have held back growth? There is relatively little data to help evaluate this hypothesis. More research is required on the historical development of institutions that enabled finance to be raised. This would include the use of property as collateral. This paper sketches the evolution of British financial institutions before 1820 and makes suggestions for further empirical research. Research in this direction should enhance our understanding of the British Industrial Revolution and of the preconditions of economic development in other countries.

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Section: Land Alienability and Mortgageability In England Before 1700mentioning

confidence: 97%

“…Some medieval mortgages involved the transfer of both usufructuary rights and legal title to the lender, for the period of the loan (Briggs and Zuijderduijn, 2018). One reason for this arrangement was to circumvent the usury laws.…”

Section: Land Alienability and Mortgageability In England Before 1700mentioning

confidence: 99%

Financial institutions and the British Industrial Revolution: did financial underdevelopment hold back growth?

Hodgson

2021

Journal of Institutional Economics

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“…Collateral adopted several forms. Land was desirable as collateral because it could not disappear and could not be hidden from creditors (Briggs and Zuijderduijn, 2018). Land has then been commonly used as collateral (Albrecht, 2004; Catanach, 1970).…”

Section: Collateral and Access To Creditmentioning

confidence: 99%

Information asymmetries and agricultural credit

Zegarra¹

2019

AFR

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Purpose The purpose of this paper is to analyze the functioning of the rural credit market of Lima from 1825 to 1865, paying special attention to the effect of information asymmetries on the access to rural credit. Design/methodology/approach The article relies on primary sources for the study of the early credit market of Lima. In particular, the study relies on a sample of notarized loans for 1825–1865 and on property tax reports, collected from the National Archives of Peru, to determine the effect of information asymmetries, collateral and regional lending on access to credit. The article also analyzes the legal system of Peru during this period to determine whether property rights were well protected and so collateral could be used in the rural credit market. Findings A revision of the legislation shows that the legal system had some deficiencies, but allowed landlords and tenants to use their assets as collateral. Tax reports show that landlords and tenants owned valuable capital that could be used as collateral. Evidence from notarized loans shows that information asymmetries severely restricted inter-regional lending. In Lima, however, notaries played a role as financial intermediaries, providing the information about potential borrowers and allowing landlords and tenants to access credit. As a result, access to credit was significant for landlords and tenants. Originality/value This paper is one of the few historical studies on the role of information asymmetries in the allocation of rural credit in Latin America. It contributes to our understanding of credit markets prior to the creation of banks.

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“…The mortgage is one of the widely used financial instruments in pre-modern Europe in which land is the most used asset as a security for debt payment because it cannot be disappeared or moved elsewhere (Briggs & Zuijderduijn, 2018). The mortgage of land is also one of the measures to limit risks and to ensure the performance of obligations in civil, economic and commercial transactions and is the basis for generating the validity of the mortgage contract.…”

Section: Introductionmentioning

confidence: 99%

“…Li & Yavas also assessed the main risks when lending houses and land, including the important factor Loan-to-Value Ratio (Li & Yavas, 2017). The studies in the book edited by Briggs & Zuijderduijn focus on the process of mortgage formation and development in loan operations and show the important role of land as an effective mortgage (Briggs & Zuijderduijn, 2018). Mulolwa stated the rules for mortgage registration when using land as collateral and the role of cadastral records when taking land mortgage loans (Mulolwa, 2016).…”

Section: Introductionmentioning

confidence: 99%

Factors Influencing the Residential Land Use Right Mortgage in Yen My District, Hung Yen Province, Vietnam

Nam

2021

International Journal of Service Science, Management, Engineering, and Technology

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The study aims to identify influencing factors and their influences on the residential land use right mortgage as the basis for proposing solutions to improve land use right mortgage. The study used methods of collecting secondary and primary data; processing and analyzing data using SPSS20.0 software. There were 5268 cases of land use right mortgage registration, 3240 cases of land use right mortgage removal and 924 cases for changing contents of land registration. The study identified 7 factor groups with 27 factors affecting land use right mortgage. The credit factor group has the biggest impact at the rate of 18.21%, followed by the 6 other factor groups. Solutions which to be implemented include completing procedures for reviewing mortgage loan documents; amending and adding regulations on mortgage lending; completing procedures to handle mortgage debt; completing human resources, facilities and mortgage registration procedures; freeing loan dossier evaluation.

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Introduction: Mortgages and Annuities in Historical Perspective

Cited by 4 publications

References 9 publications

Financial institutions and the British Industrial Revolution: did financial underdevelopment hold back growth?

Financial institutions and the British Industrial Revolution: did financial underdevelopment hold back growth?

Information asymmetries and agricultural credit

Factors Influencing the Residential Land Use Right Mortgage in Yen My District, Hung Yen Province, Vietnam

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