The Best and Worst of Currencies
Seigniorage and Currency Policy in Spain, 1597-1650
Bibliographic Data
| ID | 4773622 |
|---|---|
| Authors | Akira Motomura (Albion College, corresponding author) |
| Year | 1994 |
| Volume | 54 |
| Issue | 1 |
| Pages | 104-127 |
| Publication date | 1994-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050700014017 |
| OpenAlex | W2093394111 |
| Language | EN |
| Citations received | 20 |
| References cited | 40 |
The Spanish Monarchy pursued a rational policy of price discrimination among its Castilian currencies while financing its early-seventeenth-century wars. Large-denomination gold and silver coins circulated internationally, forcing the Monarchy to act more competitively and not seek additional short-run revenue. In contrast, petty coinage was a local monopoly. The Monarchy raised seigniorage rates and issued large quantities, generating large revenues. The nominal petty money stock grew rapidly, then fluctuated. The real petty money stock grew, then varied little as petty currency depreciation dampened nominal changes
Currency · Economics · Geography · Market economy · Monarchy · Monetary economics · Monopoly · Political science · Revenue · Seigniorage · Stock (firearms) · Finance · Historical Economic and Legal Thought · Historical Economic and Social Studies · Monetary Policy and Economic Impact
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| Unique citing works | 20 |
|---|---|
| Citations per year | 0,67 |
| Citation span | 1996 - 2024 (29) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 16 |