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Gresham on horseback: the monetary roots of Spanish American political fragmentation in the nineteenth century

Irigoin, Maria Alejandra (2006) Gresham on horseback: the monetary roots of Spanish American political fragmentation in the nineteenth century. Economic History Working Papers, 96/06. Department of Economic History, London School of Economics and Political Science, London, UK.

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Abstract

The economics literature is full of studies of monetary or currency unions ranging from the sterling area before 1914, to the Bretton Woods system later and the euro zone within the European Monetary Union today. A quick search in Econ-Lit returned over 10,000 entries among abstracts and subjects, and a good one thousand titles. None was found for currency or monetary disunion, or fragmentation. Yet, the monetary disintegration that occurred in Spanish America over the period 1800-25, along with the fiscal and political fragmentation that followed the implosion of the Spanish Empire, is one of the most prominent examples of such an economic phenomenon. Moreover, the macroeconomic consequences in the long run for the performance of nineteenth century Latin American economies makes the fragmentation of such an extended monetary union a case well worthy of consideration.

Item Type: Monograph (Working Paper)
Official URL: http://www2.lse.ac.uk/economicHistory/workingPaper...
Additional Information: © 2006 Maria Alejandra Irigoin
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
D History General and Old World > DP Spain
D History General and Old World > D History (General) > D204 Modern History
E History America > E11 America (General)
Sets: Departments > Economic History
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 96/06
Date Deposited: 29 Jan 2009 18:05
URL: http://eprints.lse.ac.uk/22321/

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