LEGAL AND ECONOMIC MEASURES AGAINST CRISIS AFTER DEATH OF EMPEROR SEVERUS Cover Image

ПРАВНО-ИКОНОМИЧЕСКИ МЕРКИ СРЕЩУ КРИЗАТА СЛЕД СМЪРТТА НА ИМПЕРАТОР СЕВЕР
LEGAL AND ECONOMIC MEASURES AGAINST CRISIS AFTER DEATH OF EMPEROR SEVERUS

Author(s): Juan Antonio Bueno Delgado
Subject(s): Law, Constitution, Jurisprudence, History of Law, Civil Law, Canon Law / Church Law, EU-Legislation
Published by: Софийски университет »Св. Климент Охридски«
Keywords: 3rd century AD; political instability; risks; legal measures; credit relations;

Summary/Abstract: The death of Alexander Severus (235 AD) marks the beginning of Rome's prolonged crisis period. The second third of the 3rd century AD characterized by considerable political instability, which causes serious economic instability. Inflation shoots up. The economy is in recession, the value of money varies constantly, which often leads to their devaluation and loss of purchasing power. Lenders are becoming more cautious in their quest to avoid the risk. They use various legal means to ensure effective their loans and protect their interests. They want legal protection for their claims, especially for the ones that have money involved. As the examples given in this study, the legislative policy of the various emperors not remain alien to the state of instability. They take various measures in this context and issue regulations affecting mostly credit relations, which in the late third century AD lead to the mitigation of acute economic crisis.

  • Issue Year: 2016
  • Issue No: 1
  • Page Range: 262-273
  • Page Count: 12
  • Language: Bulgarian