| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15509 |
| DP15509 Reconstruction of the Spanish money supply, 1492-1810 | |
| Yao Chen; Nuno Palma; Felix Ward | |
| 发表日期 | 2020-12-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | Economic History ; Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| 关键词 | Early modern period Equation of exchange Quantity theory of money |
| URL | https://cepr.org/publications/dp15509-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544510 |
| 推荐引用方式 GB/T 7714 | Yao Chen,Nuno Palma,Felix Ward. DP15509 Reconstruction of the Spanish money supply, 1492-1810. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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