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Endettement d'une compagnie seconde et coûts de l'intermédiation financière

Abstract : The numerous and lasting consequences of second-rank companies’ forced indebtedness to provide State credit remain largely neglected by historiographical studies. The case study of the 18th century Valence élection draws on account books, corps’ letters and reports, and legal abstracts to analyse the direct and indirect costs of financial intermediation, the management of debt at various levels by mid-level officers (officiers “moyens”), and their relations with creditors. A detrimental legacy of the extreme venal policy followed during the late reign of Louis XIV, this high level of debt entailed extended and substantial interest payments that crippled the corps’ finances. It led to deep conflict, a crisis in manning levels, and officiers’ unofficial detachment from the royal authority. As such, it undeniably served to undermine an institution caught in a vicious circle.
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Submitted on : Monday, November 20, 2017 - 11:45:12 AM
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Vincent Meyzie. Endettement d'une compagnie seconde et coûts de l'intermédiation financière. Histoire & Mesure, EHESS, 2013, XXVIII (2), pp.129--164. ⟨10.4000/histoiremesure.4829⟩. ⟨hal-01638913⟩



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