Reconstruction of the Spanish money supply, 1492–1810

Detalhes bibliográficos
Autor(a) principal: Chen, Yao
Data de Publicação: 2021
Outros Autores: Palma, Nuno, Ward, Felix
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10451/48810
Resumo: How did the Spanish money supply evolve in the aftermath of the discovery of large amounts of precious metals in Spanish America? We synthesize the available data on the mining of precious metals and their international flow to estimate the money supply for Spain from 1492 to 1810. Our estimate suggests that the Spanish money supply increased more than ten-fold. Viewed through the equation of exchange this money supply increase can account for most of the price level rise in early modern Spain.
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spelling Reconstruction of the Spanish money supply, 1492–1810Early modern periodEquation of exchangeQuantity theory of moneyHow did the Spanish money supply evolve in the aftermath of the discovery of large amounts of precious metals in Spanish America? We synthesize the available data on the mining of precious metals and their international flow to estimate the money supply for Spain from 1492 to 1810. Our estimate suggests that the Spanish money supply increased more than ten-fold. Viewed through the equation of exchange this money supply increase can account for most of the price level rise in early modern Spain.ElsevierRepositório da Universidade de LisboaChen, YaoPalma, NunoWard, Felix2021-07-05T15:25:16Z20212021-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10451/48810eng0014-498310.1016/j.eeh.2021.101401info: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:RCAAP2023-11-08T16:52:20Zoai:repositorio.ul.pt:10451/48810Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:00:36.319878Repositório 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 Reconstruction of the Spanish money supply, 1492–1810
title Reconstruction of the Spanish money supply, 1492–1810
spellingShingle Reconstruction of the Spanish money supply, 1492–1810
Chen, Yao
Early modern period
Equation of exchange
Quantity theory of money
title_short Reconstruction of the Spanish money supply, 1492–1810
title_full Reconstruction of the Spanish money supply, 1492–1810
title_fullStr Reconstruction of the Spanish money supply, 1492–1810
title_full_unstemmed Reconstruction of the Spanish money supply, 1492–1810
title_sort Reconstruction of the Spanish money supply, 1492–1810
author Chen, Yao
author_facet Chen, Yao
Palma, Nuno
Ward, Felix
author_role author
author2 Palma, Nuno
Ward, Felix
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Chen, Yao
Palma, Nuno
Ward, Felix
dc.subject.por.fl_str_mv Early modern period
Equation of exchange
Quantity theory of money
topic Early modern period
Equation of exchange
Quantity theory of money
description How did the Spanish money supply evolve in the aftermath of the discovery of large amounts of precious metals in Spanish America? We synthesize the available data on the mining of precious metals and their international flow to estimate the money supply for Spain from 1492 to 1810. Our estimate suggests that the Spanish money supply increased more than ten-fold. Viewed through the equation of exchange this money supply increase can account for most of the price level rise in early modern Spain.
publishDate 2021
dc.date.none.fl_str_mv 2021-07-05T15:25:16Z
2021
2021-01-01T00:00:00Z
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/10451/48810
url http://hdl.handle.net/10451/48810
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0014-4983
10.1016/j.eeh.2021.101401
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 Elsevier
publisher.none.fl_str_mv Elsevier
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
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