The Templars & the Origin of Banking Ignacio de la Torre
Why did the Templar Knights develop a powerful banking network in the XIII century? Were these financial activities related to the arrest of the Templars in 1307? Based on six years of extensive research in the archives of France, England and Spain, this book offers a complete panorama of the Templars’ financial activities across Europe & the Latin East, descriptions & examples of the main banking services rendered by the Order, a comparison of these with the services performed by Italian houses and other Military Orders, and a penetrating study of the role that the Templar banking network could have played in the fall of the Order. This is the first serious academic book on the matter since 1939. In the words of Nobel Prizewinner Prof. Sir Aaron Klug (U. Cambridge) “this book is a critical work in the history of banking and of the Order of Temple,” and in those of Prof. Malcolm Barber (U. Reading, author of The New Knighthood, the best reference work on the Templars) “a key study in an under-explored area which well deserves its translation into English.”
Drawing on the author’s expertise as an economist, a lawyer and a Ph. D. in Medieval History, the book describes why the Templars started to perform financial services, how and why they lent money to pilgrims travelling to the Latin East, the way in which the Paris and London Temples functioned as the French and English treasuries during the XIII century, the role of the brothers in the Papal finances, and the banking networks which the Templars maintained in other countries such as Aragon and Naples. The book also stresses the originality and relevance of Templar banking when compared to those of contemporary Italian houses; it clarifies the importance of the Templar instruments of credit and answers the question about whether the Templars accrued interest on their loans.
As a conclusion, the book offers an extensive description of the collapse of the finances of French King Philip IV, the working of the Templar treasury in Paris, and the financial motivations behind the arrest of the Templars. This is a book for anyone interested in the Templars, the Middle Ages or banking.
Ignacio de la Torre
Holds a Ph. D. in Medieval History, INSEAD MBA, Economist, Lawyer. Works as an Executive Director at UBS Investment Bank (Madrid) and Professor of Finance at Instituto de Empresa Business School.
Has also written a book about the history of Islamism, currently being translated into English.
Fluent in English and French, travels for work and is willing to promote the book locally.
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Selling points:
Best up-to-date book on the matter. First one in English. Written with a triple emphasis on history, economy and law. Previous significant books on the matter date from 1889 and 1939, and are both in French.
Offers light on the mysteries surrounding the ever-popular arrest of the Templars. The book proves that the main reason behind the arrest was the desperate need of the French King to seize the Templar treasure so that he could issue money with a high silver content in order to end the financial chaos.
Very broad target public, including Templar fans, historians and bankers. Although rigorously academic, the text is well-written and easy to follow for admirers of the Templars or for bankers interested in the roots of their business.
Academic excellence. The book is based on the summa cum laude Ph.D. dissertation written by the author for the Universidad Nacional de Educación a Distancia (UNED) in 2003.
Contact us: Rights Manager: Ignacio de la Torre, [email protected] or +34.670 374 267.
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Contents
- The Rule of the Templars
- Revenue generation & the formation of the Templar treasure
- Deposits, loans with or without collateral
- Private banking
- The Paris Temple as a public bank
- The King’s control over the Templar treasurer
- Financial activities with French kings: Louis VII, Philip Augustus, St. Louis IX, Philip III, Philip IV
- The London Temple (New Temple) as a center of finance
- Main financial activities performed by English Templars
- London Templar treasurers of the King’s Wardrobe treasure
- Financial activities with English Kings: Henry II, John, Henry III, Edward I
- Services rendered to the popes (Innocent III, Honorius III, Gregory IX, Innocent IV, Alexander IV, Clement IV, Gregory X, Martin IV, Honorius IV, Boniface VIII)
- Public banking in Aragon (Peter II, James I, James II)
- Public banking in the Latin East, in Constantinople, Naples, Castille, and Hungary
Interest (usura) on the loans
Security of Templars’ houses
Trustworthiness of Templars’ banking houses
Insurance activities
Current accounts
The Templar fleet
Templars’ documents in the context of the evolution of the letter of exchange
Letters of credit
Checks
Transferences
Debt instruments as payment mechanisms
Debt guarantees
Financial activities of the Order of the Hospital
Financial activities of other military-religious orders
Financial activities of Italian merchants
Financial activities of the Jewish community
Financial activities of merchants from Cahors
Why did the Italian houses replace the Templars as the main bankers after 1250?
Some observations on the medieval monetary system
- Introduction
- Monetary situation of Philip IV’s kingdom (absence of silver, wars, inflation)
- Thesis on the fall of the Templars: depreciation of the French currency, sources of silver, the arrest of the Templars, the Templar treasure
CONCLUSIONS
NOTES
Tags: banking ignacio, – banking, ignacio, banking, origin, templars