"Crecimientos, reducciones y no cabimientos de juros". Tres episodios de gestión irresponsable de la deuda pública consolidada en la España del siglo XVII

Bibliographic Data

ID20452133
AuthorsAlberto Marcos Martín (0000-0003-1190-127X, Universidad de Valladolid, corresponding author)
Year2017
Volume42
Issue2
Publication date2017-12-15
Open AccessYes
TypeARTICLE
VenueCuadernos de Historia Moderna (JOURNAL)
Journal identifiersISSN: 0214-4018 • E-ISSN: 1696-747X
PublisherUniversidad Complutense de Madrid (UCM) (PUBLISHER)
DOI10.5209/chmo.58074
OpenAlexW2772504489
LanguageES
Citations received5

During the sixteenth century the Royal Treasury of Castile felt compelled to increase tax collection in order to meet its funding needs, as a consequence of the ceaseless growth of the public debt in the form of juros. However, by the seventeenth century, it was becoming more and more difficult to comply with that target, as the general economic situation was getting worse and the Monarchy’s expenditure persisted to an exceeding degree, whereas new securities continued to be issued. Therefore, the Crown had no choice but trying to control its own debt, taking measures to reduce the interest to be paid annually. This article analyses some of those measures but, above all, it assesses their consequences not only for the public debt and the monarchical policy, but also for the general financial and social course

Art · Debt · Economic policy · Economics · Economy · Humanities · Macroeconomics · Monarchy · Political science · Politics · Public expenditure · Public finance · Treasury · Welfare economics · Historical Studies in Latin America · Historical Studies on Spain · Law · Medieval and Early Modern Iberia · Finance

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