Shortages of small change in early Argentina

Huberto Ennis

No 03-12, Working Paper from Federal Reserve Bank of Richmond

Abstract: In this note I review evidence suggesting that shortages of small change occurred in the territory of Argentina during the end of the eighteenth and the beginning of the nineteenth centuries. For the colonial period (until 1810) the main pieces of evidence are: (i) the widespread use of informal means of payment, (ii) the difficulties faced in retiring from circulation low quality subsidiary coins, and (iii) the numerous official resolutions banning the exporting of fractional money from the colonies. For the period from 1810 to 1825, the episodes surrounding the introduction of copper coins in 1821 and the issuing of low denomination circulating bank notes in 1823 appear as the main supporting evidence.

Keywords: Money; Silver - Prices; Foreign exchange (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.richmondfed.org/publications/research/w ... rs/2003/wp_03-12.cfm (text/html)
https://www.richmondfed.org/-/media/RichmondFedOrg ... 2003/pdf/wp03-12.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedrwp:03-12

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Paper from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().