14min chapter

Library of Mistakes cover image

EP 35: Lending To The Borrower From Hell (with Mauricio Drelichman)

Library of Mistakes

CHAPTER

Financial Strategies of Renaissance Bankers

This chapter explores the innovative lending practices of Genoese bankers during Philip II's reign, focusing on the profitability and risks associated with sovereign debt. It contrasts different debt instruments, particularly juros and asientos, and highlights how these innovations shaped the banking landscape of Renaissance Europe. The discussion reveals how understanding these financial strategies offers valuable insights into modern finance and investment practices.

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