Abstract
Trade was centred in fairs in medieval times and it was there that money-changing type banking services commenced. Fairs were held at regular intervals and developed as meeting places for merchants from many regions. They differed from markets as they were held less frequently, although regularly, and continued for a few weeks. These fairs were often centred on wholesale trade between merchants and developed into financial centres where bankers established branches.
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© 2005 Aidan O’Connor
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O’Connor, A. (2005). International Banking in the Pre-Modern and Modern Banking Eras. In: Trade, Investment and Competition in International Banking. Palgrave Macmillan, London. https://doi.org/10.1057/9780230512375_2
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DOI: https://doi.org/10.1057/9780230512375_2
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