Caisse des Emprunts
From Wikipedia, the free encyclopedia
The Caisse des Emprunts (lit. 'bank of debts') was a financial entity of the Kingdom of France, first created by Jean-Baptiste Colbert in 1674, terminated shortly after his death in 1683, then revived from 1702 to 1714. It represented an ultimately unsuccessful attempt to organize the debt financing of Louis XIV's wars.
Colbert established the Caisse des Emprunts on 11 October 1674, a decision confirmed by an order (arrêt) of the Conseil du Roi of 17 October 1676.[1]
The financially fragile Caisse des Emprunts was terminated on 9 September 1683, three days after Colbert's death, as the finances portfolio came under the control of Colbert's rival Claude Le Peletier.[2] Its liquidation was confirmed in several orders of the Conseil du Roi, from 25 September 1683 to 8 August 1684.[1]
