The concept of Inflation in the Roman Empire

Constantina Katsari

Economic History from EconWPA

Abstract: The concept of inflation in the Roman empire. The Bimetallic system used in the Roman empire allowed emperors to debase their coinage repeatedly, while the exchange rates remained almost intact. This situation caused changes in the use of silver coinage. Specifically, silver antoniniani were used in the place of bronze, while precious metal bullion was used for major commercial transactions. Although the Roman people carried more pieces of coins in the market on a daily basis, the concept of inflation cannot be applied to the economy.

Keywords: inflation; Roman; prices; fiscal; monetary; debasement (search for similar items in EconPapers)
JEL-codes: N1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ifn
Date: 2002-04-26
Note: Type of Document - Text; prepared on PC; to print on HP;

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