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New Estimates of the Money Stock in France, 1493–1680

Debra Glassman and Angela Redish

The Journal of Economic History, 1985, vol. 45, issue 1, 31-46

Abstract: The money stock in France from 1493 to 1680 has not been well understood. Changes in the money stock have usually been represented by moving sums of annual mint output. Mint output, however, included large amounts of recoinage, resulting in double-counting. A model of mint output is estimated to determine the amount of recoinage. The money stock estimates are also improved by incorporating a constant rate of loss of coins.

Date: 1985
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