The concept of Inflation in the Roman Empire
Economic History from University Library of Munich, Germany
The concept of inflation in the Roman empire. The Bimetallic system used in the Roman empire allowed emperors to debase their coinage repeatedly, while the exchange rates remained almost intact. This situation caused changes in the use of silver coinage. Specifically, silver antoniniani were used in the place of bronze, while precious metal bullion was used for major commercial transactions. Although the Roman people carried more pieces of coins in the market on a daily basis, the concept of inflation cannot be applied to the economy.
Keywords: inflation; Roman; prices; fiscal; monetary; debasement (search for similar items in EconPapers)
JEL-codes: N1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ifn
Note: Type of Document - Text; prepared on PC; to print on HP;
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpeh:0204001
Access Statistics for this paper
More papers in Economic History from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().