 Gresham on horseback: the monetary roots of Spanish American political fragmentation in the nineteenth centuryEconomic History Working Papers from London School of Economics and Political Science, Department of Economic History Abstract: The economics literature is full of studies of monetary or currency unions ranging from the sterling area before 1914, to the Bretton Woods system later and the euro zone within the European Monetary Union today. A quick search in Econ-Lit returned over 10,000 entries among abstracts and subjects, and a good one thousand titles. None was found for currency or monetary disunion, or fragmentation. Yet, the monetary disintegration that occurred in Spanish America over the period 1800-25, along with the fiscal and political fragmentation that followed the implosion of the Spanish Empire, is one of the most prominent examples of such an economic phenomenon. Moreover, the macroeconomic consequences in the long run for the performance of nineteenth century Latin American economies makes the fragmentation of such an extended monetary union a case well worthy of consideration. JEL-codes: B1 N0 O51 O52 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ehl:wpaper:22321 Access Statistics for this paper More papers in Economic History Working Papers from London School of Economics and Political Science, Department of Economic History LSE, Dept. of Economic History Houghton Street London, WC2A 2AE, U.K.. Contact information at EDIRC. |
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