[FairfieldLife] How to avoid a banking crisis - advice from the 14th century

In Barcelona, from 1300, book entries by credit transfer legally ranked equally with original deposits among the liabilities of bankers. Those who failed were forbidden ever to keep a bank again, and were to be detained on bread and water until all the account-holders were satisfied in full.

Re: [FairfieldLife] How to avoid a banking crisis - advice from the 14th century

Richard M wrote: In Barcelona, from 1300, book entries by credit transfer legally ranked equally with original deposits among the liabilities of bankers. Those who failed were forbidden ever to keep a bank again, and were to be detained on bread and water until all the account-holders were