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  • © 2015

Institutions Always 'Mattered'

Explaining prosperity in Mediaeval Ragusa (Dubrovnik)

Palgrave Macmillan

Part of the book series: Palgrave Studies in Economic History (PEHS)

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-xi
  2. Motivation and Overview

    1. Front Matter

      Pages 1-1
    2. Introduction: Why Ragusa?

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 3-14
    3. Key Aspects of the New Institutional Economics (NIE)

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 15-41
  3. Economic History of Ragusa/Dubrovnik

    1. Front Matter

      Pages 43-43
    2. The History of Ragusa in an Eastern Mediterranean Context

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 45-60
    3. Economic Evolution and Rise to Prosperity

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 61-80
    4. The Relative Decline after Vasco da Gama Circumnavigation

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 92-98
  4. Prudent Macroeconomic Policies

    1. Front Matter

      Pages 99-99
    2. The System of Governance, Wise Policies, and Market-Friendly Institutions

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 101-111
    3. Macro Policies 2: Monetary and Financial Prudence, Minimal Public Debt

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 122-132
  5. Growth-Promoting Institutions

    1. Front Matter

      Pages 133-133
    2. An Open Legal System with Effective Rule-of-Law

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 148-157
    3. “Sufficient” Social Fairness Provides Stability

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 158-168
    4. Maximal Diplomacy with Minimal Military

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 169-180
  6. Conclusions

    1. Front Matter

      Pages 181-181
    2. How Unique Was Ragusa? Some Comparisons with Venice and Others

      • Oleh Havrylyshyn, Nora Srzentić
      Pages 183-196

About this book

The medieval Republic of Ragusa (now Dubrovnik) was a prosperous small open economy, rivalling bigger competitors. This study collects together evidence on how Ragusa compared to other economies of the region, and addresses the difficult question of why it outperformed its Dalmatian rivals (Kotor, Split and Zadar).

About the authors

Oleh Havrylyshyn is Adjunct Professor at The George Washington University. After a long academic career he became Deputy Minister of Finance in the first Ukrainina Government, then its representative at the Board of the International Monetary Fund. He has written widely on transition and has been a consultant to various governments, the World Bank and other international agencies. A native of Ukraine, he has travelled and worked extensively in Eastern Europe and the former Soviet Union. He is the author of Divergent Paths in Post-Communist Transformation (Palgrave Macmillan, 2006). 
 
Nora Srzenti? obtained a PhD in Economics in 2013 at the department of Financial Economics (Ghent University), where she was a doctoral researcher. Previously she performed various duties within commercial banking, including market risk management and lecturing on banking regulation topics. Her current interest lies in central banking.

Bibliographic Information

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access