| Abstract: | Genoa is well known for its characteristic public debt system, yet there has not been a great deal of research on this subject. This paper focuses on the creditor, and seeks to investigate why and under what circumstances people accept public debt. The significance of public debt for creditors in Genoa in the later middle ages will be examined through a case study of the Lomellini family, analysing colonne (a register made at a bank concerning creditors’ accounts), statutes, notarial acts, and in particular, testaments. The purpose of the purchase, use, and disposition of a share in the public debt is categorised as follows: (1) the purchase of real estate or of another public debt; (2) the property of women and minors; (3) the salvation of the soul. Through each analysis, we shall examine what influenced the creditors in their attitude toward the public debt. Public debt was not only a system of credit for the city state, but also something which penetrated into every part of people’s lives in Genoa. |
