Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854)
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/19158 |
Resumo: | This article analyses the transition from bimetallism to the gold standard in Portugal. The research has emphasised that the high percentage of gold coins in circulation and the network externalities were the main reasons for the de jure adoption of the gold standard in 1854. However, it has not provided a justification for either the appreciation of gold in the Portuguese market in 1847 which was contrary to the international trend or the reasons behind the decision to continue to circulate British gold sovereigns in 1851 when all other foreign coins were withdrawn. We argue that the political pressure applied by groups with ownership of British gold coins explains the transition from bimetallism to the gold standard. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854)Monetary historyGold standardPortugalnineteenth centuryThis article analyses the transition from bimetallism to the gold standard in Portugal. The research has emphasised that the high percentage of gold coins in circulation and the network externalities were the main reasons for the de jure adoption of the gold standard in 1854. However, it has not provided a justification for either the appreciation of gold in the Portuguese market in 1847 which was contrary to the international trend or the reasons behind the decision to continue to circulate British gold sovereigns in 1851 when all other foreign coins were withdrawn. We argue that the political pressure applied by groups with ownership of British gold coins explains the transition from bimetallism to the gold standard.ISEG - GHESRepositório da Universidade de LisboaSousa, Rita Martins de2019-12-27T15:08:19Z20192019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/19158engSousa, Rita Martins de (2019). "Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854)". Instituto Superior de Economia e Gestão – GHES Documento de Trabalho/Working Paper nº 64-20192183-1785info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:48:40Zoai:www.repository.utl.pt:10400.5/19158Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:04:05.617150Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854) |
title |
Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854) |
spellingShingle |
Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854) Sousa, Rita Martins de Monetary history Gold standard Portugal nineteenth century |
title_short |
Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854) |
title_full |
Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854) |
title_fullStr |
Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854) |
title_full_unstemmed |
Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854) |
title_sort |
Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854) |
author |
Sousa, Rita Martins de |
author_facet |
Sousa, Rita Martins de |
author_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Sousa, Rita Martins de |
dc.subject.por.fl_str_mv |
Monetary history Gold standard Portugal nineteenth century |
topic |
Monetary history Gold standard Portugal nineteenth century |
description |
This article analyses the transition from bimetallism to the gold standard in Portugal. The research has emphasised that the high percentage of gold coins in circulation and the network externalities were the main reasons for the de jure adoption of the gold standard in 1854. However, it has not provided a justification for either the appreciation of gold in the Portuguese market in 1847 which was contrary to the international trend or the reasons behind the decision to continue to circulate British gold sovereigns in 1851 when all other foreign coins were withdrawn. We argue that the political pressure applied by groups with ownership of British gold coins explains the transition from bimetallism to the gold standard. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-12-27T15:08:19Z 2019 2019-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/19158 |
url |
http://hdl.handle.net/10400.5/19158 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Sousa, Rita Martins de (2019). "Portugal adoption of the gold standard : political reasons for a monetary choice (1846-1854)". Instituto Superior de Economia e Gestão – GHES Documento de Trabalho/Working Paper nº 64-2019 2183-1785 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - GHES |
publisher.none.fl_str_mv |
ISEG - GHES |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131132902506496 |