Lending to Lemons: Landschafts-Credit in 18th Century Prussia

Kirsten Wandschneider

NBER Working Paper No. 19159
Issued in June 2013

---- Acknowledgments ----

This paper has been prepared for Housing and Mortgage Markets in Historical Perspective, National Bureau of Economic Research, Price V. Fishback, Kenneth Snowden, Eugene N. White (eds.), Chicago: University of Chicago Press. I thank Timothy Guinnane and Larry Neal for comments and discussions throughout this project. I also thank participants at the 2010 Utrecht workshop for Intermediation and Financial Markets, the 2010 EHA meetings, the Berlin Colloquium in Economic History, the UCLA Economic History Proseminar and the NBER-URC conference on Housing and Mortgage Markets in Historical Perspective. Parts of this chapter were completed while in residence at the Humboldt University in Berlin. Support from the Prussian State Archive is gratefully acknowledged. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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