Colonial Virginia’s Paper Money Regime, 1755-1774: a Forensic Accounting Reconstruction of the Data

Farley Grubb

No 21785, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: I reconstruct the data on Virginia’s paper money regime using forensic accounting techniques. I correct the existing data on the amounts authorized and outstanding. In addition, I reconstruct yearly data on previously unknown aspects of Virginia’s paper money regime, including printings, net new emissions, redemptions and removals, denominational structures, expected tax revenues, and specie accumulating in the treasury for paper money redemption. These new data form the foundation for narratives written on the social, economic, and political history of Virginia, as well as for testing models of colonial paper money performance.

JEL-codes: C82 E51 N11 (search for similar items in EconPapers)
Date: 2015-12
New Economics Papers: this item is included in nep-acc, nep-his, nep-hpe and nep-mac
Note: DAE
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Citations: View citations in EconPapers (4)

Published as Farley Grubb (2017) Colonial Virginia's paper money regime, 1755–74: A forensic accounting reconstruction of the data, Historical Methods: A Journal of Quantitative and Interdisciplinary History, 50:2, 96-112, DOI: 10.1080/01615440.2016.1256241

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Working Paper: Colonial Virginia's Paper Money Regime, 1755-1774: A Forensic Accounting Reconstruction of the Data (2015)
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