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The article makes a balance on the relations established, in the city of Valencia, by the native members of the society and the foreign merchants installed there during the fourteenth and the fifteenth centuries. This balance is based on the specific sources and research on the subject, but it also tries to compare the Valencian case with the other Iberian countries of the Crown of Aragon and with different regions from Europe and the Mediterranean. Thus, starting from the documentation and general historiographical considerations on issues of the condition of foreigner and nationality, two questions are addressed that allow to analyze the foreign mercantile presence in Valencia: on the one hand, the conditions of permeability that offered the local society for personal and economic integration of immigrants; on the other, paradoxically, the logics of confrontation between natives and aliens that made arise the condition of foreigner as a fact of exclusion. The contrast between both questions led to solutions that are difficult to display in unilateral terms, by the enormous variety not only of the conjunctures, but also of the social, professional, personal and collective circumstances that characterized the groups of foreigners.

¿Los mercaderes son egualadors del món? Autóctonos y extranjeros en el comercio bajomedieval de Valencia