Echoes from the past : portuguese stabilization of the 1890s and 1920s
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/5916 |
Resumo: | In the early decades of the contemporary world economy, Portugal had to perform twice difficult stabilization processes: during the 1890s as a consequence of the collapse of external and public debt payments, and during the 1920s in the wake of the First World War. This paper will analyse these Portuguese situations: the 1890s stabilization based on leaving the gold standard monetary system and on partial default of the external public debt payments led to a period of economic stagnation, which lasted until the First World War, in spite of the good international background provided by the so called belle époque; the 1920s stabilization based on a very tough fiscal adjustment opened the way to an interwar period of slight growth , in spite of the unfavourable international background provided by the problems of the 1920s and the Great Depression during the 1930s (although it was not enough to sustain the liberal republican regime, which was replaced by a military dictatorship, and later an authoritarian right-wing regime). |
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Echoes from the past : portuguese stabilization of the 1890s and 1920sStabilization ProcessesEconomic PolicyMonetary PolicyFiscal PolicyPortugalSéc. XIX-XXIn the early decades of the contemporary world economy, Portugal had to perform twice difficult stabilization processes: during the 1890s as a consequence of the collapse of external and public debt payments, and during the 1920s in the wake of the First World War. This paper will analyse these Portuguese situations: the 1890s stabilization based on leaving the gold standard monetary system and on partial default of the external public debt payments led to a period of economic stagnation, which lasted until the First World War, in spite of the good international background provided by the so called belle époque; the 1920s stabilization based on a very tough fiscal adjustment opened the way to an interwar period of slight growth , in spite of the unfavourable international background provided by the problems of the 1920s and the Great Depression during the 1930s (although it was not enough to sustain the liberal republican regime, which was replaced by a military dictatorship, and later an authoritarian right-wing regime).ISEG - Gabinete de História Económica e SocialRepositório da Universidade de LisboaBranco, AméliaValério, NunoSousa, Rita Martins de2013-08-21T09:51:03Z20112011-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/5916engBranco, Amélia, Nuno Valério and Rita Martins de Sousa. 2011. "Echoes from the past : portuguese stabilization of the 1890s and 1920s". Instituto Superior de Economia e Gestão - GHES / Working Paper nº 47-2011info: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:RCAAP2023-03-06T14:36:47Zoai:www.repository.utl.pt:10400.5/5916Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:53:20.086210Repositório 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 |
Echoes from the past : portuguese stabilization of the 1890s and 1920s |
title |
Echoes from the past : portuguese stabilization of the 1890s and 1920s |
spellingShingle |
Echoes from the past : portuguese stabilization of the 1890s and 1920s Branco, Amélia Stabilization Processes Economic Policy Monetary Policy Fiscal Policy Portugal Séc. XIX-XX |
title_short |
Echoes from the past : portuguese stabilization of the 1890s and 1920s |
title_full |
Echoes from the past : portuguese stabilization of the 1890s and 1920s |
title_fullStr |
Echoes from the past : portuguese stabilization of the 1890s and 1920s |
title_full_unstemmed |
Echoes from the past : portuguese stabilization of the 1890s and 1920s |
title_sort |
Echoes from the past : portuguese stabilization of the 1890s and 1920s |
author |
Branco, Amélia |
author_facet |
Branco, Amélia Valério, Nuno Sousa, Rita Martins de |
author_role |
author |
author2 |
Valério, Nuno Sousa, Rita Martins de |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Branco, Amélia Valério, Nuno Sousa, Rita Martins de |
dc.subject.por.fl_str_mv |
Stabilization Processes Economic Policy Monetary Policy Fiscal Policy Portugal Séc. XIX-XX |
topic |
Stabilization Processes Economic Policy Monetary Policy Fiscal Policy Portugal Séc. XIX-XX |
description |
In the early decades of the contemporary world economy, Portugal had to perform twice difficult stabilization processes: during the 1890s as a consequence of the collapse of external and public debt payments, and during the 1920s in the wake of the First World War. This paper will analyse these Portuguese situations: the 1890s stabilization based on leaving the gold standard monetary system and on partial default of the external public debt payments led to a period of economic stagnation, which lasted until the First World War, in spite of the good international background provided by the so called belle époque; the 1920s stabilization based on a very tough fiscal adjustment opened the way to an interwar period of slight growth , in spite of the unfavourable international background provided by the problems of the 1920s and the Great Depression during the 1930s (although it was not enough to sustain the liberal republican regime, which was replaced by a military dictatorship, and later an authoritarian right-wing regime). |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011 2011-01-01T00:00:00Z 2013-08-21T09:51:03Z |
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/10400.5/5916 |
url |
http://hdl.handle.net/10400.5/5916 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Branco, Amélia, Nuno Valério and Rita Martins de Sousa. 2011. "Echoes from the past : portuguese stabilization of the 1890s and 1920s". Instituto Superior de Economia e Gestão - GHES / Working Paper nº 47-2011 |
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 - Gabinete de História Económica e Social |
publisher.none.fl_str_mv |
ISEG - Gabinete de História Económica e Social |
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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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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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1799131009371865088 |