Credit and accounting in early modern Italy: the case of the Monte di Pietà in Bologna

none3noThe foundation of Monti di Pietà by Franciscan friars in the fifteenth century represented a response to the problems of both usury and difficult access to consumer credit. Some historians have highlighted the bank-like nature of the Monti, while others have considered them as economic institutions. This paper explores the case of the Monte di Pietà in Bologna during the eEarly mModern era, with particular reference to its governance model and its accounting and internal management control practices. The presence of a well preserved archive made it possible to perform a depth investigation of the emergence of accounting as a tool of control of the Monte.Benché il lavoro sia frutto dello sforzo congiunto degli autori, i paragrafi “INTRODUCTION” e “ACCOUNTING PRACTICES” sono da attribuire a REBECCA LEVY ORELLI; i paragrafi “ORGANIZATION, SYSTEM AND PERSONNEL”, “INTERNAL CONTROLS” e “CONCLUSION” a CARLOTTA DEL SORDO; e i paragrafi “FOUNDATION OF MONTI DI PIETA’ AND THE ROLE OF CREDIT” e “AN INSTITUTIONAL PROFILE OF MONTI DI PIETà IN BOLOGNA” a MASSIMO FORNASARI.mixedRebecca Orelli; Carlotta del Sordo; Massimo FornasariRebecca Orelli; Carlotta del Sordo; Massimo Fornasar