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Early modern financial development in the Iberian peninsula

Leonor Freire Costa, Susana Münch Miranda and Pilar Nogues-Marco ()

No unige:147492, Working Papers from University of Geneva, Paul Bairoch Institute of Economic History

Abstract: Iberian colonies produced the vast majority of world precious metals in the Early Modern period, which increased liquidity in the Iberian Peninsula. In this paper we focus on the relationship between liquidity and financial development – including other relevant variables such as instruments and institutions – to examine the efficiency of the financial systems in Castile and Portugal.

Keywords: financial system; public debt; private credit market; precious metals; interest rates. (search for similar items in EconPapers)
JEL-codes: N13 N23 G15 E44 (search for similar items in EconPapers)
Pages: 28 p.
Date: 2021
New Economics Papers: this item is included in nep-fdg, nep-his and nep-mac
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