Andrew II's reign was defined less by monetary policy than by chronic fiscal crisis. To fund the Fifth Crusade and an extraordinarily expensive series of land grants — the so-called "new institutions" he later tried to claw back via the Golden Bull of 1222 — Andrew alienated royal revenues at a rate that left the Hungarian treasury perpetually hollowed out. Debasement and irregular mint output followed as a direct consequence.
The ÉH#140 attribution places this among the earlier documented types of his long reign, before the reforms forced on him by the nobility in 1222.
Andrew II's reign was defined less by monetary policy than by chronic fiscal crisis. To fund the Fifth Crusade and an extraordinarily expensive series of land grants — the so-called "new institutions" he later tried to claw back via the Golden Bull of 1222 — Andrew alienated royal revenues at a rate that left the Hungarian treasury perpetually hollowed out. Debasement and irregular mint output followed as a direct consequence.
The ÉH#140 attribution places this among the earlier documented types of his long reign, before the reforms forced on him by the nobility in 1222.