This study examines Ludwig Zinzendorf’s political economy and the intellectual inspiration of his thinking. Zinzendorf, a protégé of Kaunitz, was a sophisticated economic thinker in the mid eighteenth-century Habsburg monarchy who was part of the wider intellectual movement in Europe dedicated to understanding political economy and presenting it as an independent and important activity. Self- educated, polyglot and hard-working, Zinzendorf was formidably well read and impressively numerate. His output was detailed and analytical. With an exceptionally wide knowledge, he offered a more original way to discuss the economy than the essentially didactic approach of cameralist writers. He was a reformer dedicated to propagating the most advanced European ideas and practices. This study is divided into five chapters: chapter one covers the relationship between Zinzendorf and Kaunitz and Zinzendorf’s formative years in France from 1750 to 1752. The influence of French economic thinkers on Zinzendorf’s intellectual development, Jean-François Melon and Vincent de Gournay in particular, is the subject of chapter two. Chapter three is devoted to Zinzendorf’s German translation of John Law’s Money and Trade. The development of Zinzendorf’s ideas on state credit, notably the creation of a new stock exchange and political bank in the monarchy, modelled on the Bank of England, is discussed in chapter four. The final chapter examines how Zinzendorf operated as a sophisticated financial expert in the monarchy. He sought to provide a different kind of economic advice and attempted to open-up government to new concepts on the economy. He was influenced by the important contribution in France made by Gournay and his circle of writers in disseminating foreign ideas by publishing in French a range of economic texts from rival nations. Zinzendorf, it is argued, attempted to apply a moderate format of Gournay’s initiative in the monarchy.

Made available in DSpace on 2010-04-20T21:00:09Z (GMT). No. of bitstreams: 4 Alan Marinovic.pdf.jpg: 11803 bytes, checksum: 6f432bd77eda9bb1f8d0a1b55b2d1ea4 (MD5) Alan Marinovic.pdf.txt: 229382 bytes, checksum: 17f470747aee826fc7511c202d10bcc8 (MD5) Alan Marinovic.pdf: 1449291 bytes, checksum: bc20970ba9f69f9209cff4441caf931e (MD5) license.txt: 4886 bytes, checksum: 2dd7def8564dbf39bd3ed6b2e446baf6 (MD5) Previous issue date: 2009-01-28T00:00:00Z / O trabalho estuda a inter-relação entre preços de ações bancárias da América Latina, Estados Unidos e Europa durante o período compreendido entre janeiro de 2000 até final de junho de 2008. De um modo geral o estudo busca evidências sobre a existência de relações de equilíbrio de longo prazo entre as séries de preços utilizando análises de cointegração, testes de causalidade e funções de impulso resposta. Os resultados empíricos apontam para a existência de relações de equilíbrio de longo prazo entre as séries de preços, e para a existência de contágio especialmente de choques oriundos do mercado Norte Americano. Cabe ressaltar que o efeito de choques se mostra mais pronunciado após 2007, período compreendido pela crise do subprime. / This dissertation investigates the inter-relationships among bank’s stock markets for Latin America, United States and Europe from January, 2000 to June, 2008. The study analyzes the existence of long-run relationships among the price of Bank’s stocks, additionally it applies short-run causality tests and impulse response analyses. Empirical results suggests that there is at least one cointegration vector among the price series, and the series time paths are influenced by different extent of changes in price of different banks. Moreover the study finds that the relationships among bank’s stock prices differ between crises (more volatile) and less volatile periods. These findings imply that there are strong evidences of inter-connections among stock markets around the world.