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    <link>https://hdl.handle.net/10419/162206</link>
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    <pubDate>Wed, 29 Apr 2026 22:34:25 GMT</pubDate>
    <dc:date>2026-04-29T22:34:25Z</dc:date>
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      <title>Foreign bonds, territorial change and repudiation: The Silesian Bonds saga</title>
      <link>https://hdl.handle.net/10419/339649</link>
      <description>Title: Foreign bonds, territorial change and repudiation: The Silesian Bonds saga
Authors: Bindseil, Ulrich; Gulati, Mitu
Abstract: Once a famous tale of conquest, law and foreign bond markets, the saga of the Silesian Bonds of 1734-37 is missing from the literature on sovereign debt. The Silesian Bonds were among the earliest foreign currency sovereign bonds issued. They go into the market 84 years prior to the 1818 Prussian issue by the Rothschilds sometimes described as the first Eurobond. The bonds were issued by Charles VI, Holy Roman Emperor of the House of Habsburg, to investors in London and Amsterdam. They were tradable, denominated in foreign currency, and secured by a pledge of revenues from the estates of Silesia. Although bondholders seemed well-protected by a variety of covenants promising that the sovereign would refrain from raising defenses, there was reluctance to pay, delay, and ultimately partial repudiation. The story we tell centers around what happened to the debts after Frederick II of Prussia seized much of Silesia in 1740-42, agreed in the 1742 Peace of Berlin to take over from Austria the liability of the Silesian bonds, but then decided that he did not wish to pay. From the story, we draw clues about the state of international law, contracting practices, and the operation of the sovereign debt market in the mid 18th and early 19th centuries in Europe.</description>
      <pubDate>Thu, 01 Jan 2026 00:00:00 GMT</pubDate>
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      <dc:date>2026-01-01T00:00:00Z</dc:date>
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      <title>Monetary anchors in a digital age: A historical perspective on the ECB's digital euro and US stablecoins</title>
      <link>https://hdl.handle.net/10419/340050</link>
      <description>Title: Monetary anchors in a digital age: A historical perspective on the ECB's digital euro and US stablecoins
Authors: Greitens, Jan
Abstract: This paper contributes to current debates surrounding the digital euro and US stablecoins by unpacking the present day relevance of two important episodes in monetary history: Prussia's effort in the 18th century to implement a uniform coinage standard across the Holy Roman Empire, and the 19th century Currency School Banking School debate. While the ECB presents the digital euro as a conservative measure designed to preserve the existing two tier system and the euro as a currency anchor, Prussia's failed reform efforts show that political will must be accompanied by political clout for a monetary standard to become widely accepted. Meanwhile, the US is promoting stablecoins backed by government debt in order to foster innovation and extend the dominance of the dollar. Based on a close reading of Hayek, this paper critiques currency competition as a justification for stablecoins. The risk of a fragmented monetary system no longer amenable to central bank control is also discussed with reference to the Currency School Banking School debate, which discloses the perennial importance of balancing stability with elasticity while alsoavoiding fragmentation. In this way Prussian and British historical experience with monetary system reform sheds valuable light on the parameters that policymakers should consider when devising or assessing proposals for digital money, as a failure could lead to uncertainty and the fragmentation of the monetary system or excessive rigidity in the money supply.</description>
      <pubDate>Thu, 01 Jan 2026 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/340050</guid>
      <dc:date>2026-01-01T00:00:00Z</dc:date>
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      <title>Germany's 1875 Banking Act and the genesis of a monetary framework: 1866-76</title>
      <link>https://hdl.handle.net/10419/311086</link>
      <description>Title: Germany's 1875 Banking Act and the genesis of a monetary framework: 1866-76
Authors: Klaus, Hendrik</description>
      <pubDate>Wed, 01 Jan 2025 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/311086</guid>
      <dc:date>2025-01-01T00:00:00Z</dc:date>
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      <title>Influence of women in Dutch finance 1898-1940</title>
      <link>https://hdl.handle.net/10419/311084</link>
      <description>Title: Influence of women in Dutch finance 1898-1940
Authors: Mooij, Joke</description>
      <pubDate>Wed, 01 Jan 2025 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/311084</guid>
      <dc:date>2025-01-01T00:00:00Z</dc:date>
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