La experiencia española de la banca emisora: la pluralidad de emisión en el siglo XIX

Yolanda Blasco-Martel and Carles Sudrià i Triay
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Carles Sudrià i Triay: Universitat de Barcelona

El Trimestre Económico, 2024, vol. 91 (3), issue 363, 529-561

Abstract: In the central decades of the 19th century, Spain developed a banking system based on plurality of issuance. Various banks were authorized by the state to circulate their banknotes in their respective provinces. This process gave rise to a mosaic of issuing banks. Their existence facilitated the acceptance of banknotes, at the same time as these banks provided means of payment in the territories in which they operated. The effects were important both for the spread of the banknote and for the economy. This paper summarizes the Spanish issuing experience, which was affected by the crisis of 1866 and ended in 1874 with the issuing monopoly in the hands of the Banco de España.

Keywords: Banking history; 19th century; Spain; plurality of issues. (search for similar items in EconPapers)
JEL-codes: E5 E51 E58 G21 N13 N23 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.20430/ete.v91i363.2458

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