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Monetary aggregates for Ireland, 1840–1921

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  • Seán Kenny
  • Jason Lennard

Abstract

This article constructs new monetary aggregates for Ireland between 1840 and 1921. Three major findings are gleaned from the data. First, we find that the degree of monetization on the eve of the Famine was comparatively high. Second, we find an unprecedented monetary contraction during the Famine. Third, in contrast to previous research, we find that the failure of the Munster Bank in 1885 had ramifications for confidence in, and the stability of, the banking system.

Suggested Citation

  • Seán Kenny & Jason Lennard, 2018. "Monetary aggregates for Ireland, 1840–1921," Economic History Review, Economic History Society, vol. 71(4), pages 1249-1269, November.
    • Handle: RePEc:bla:ehsrev:v:71:y:2018:i:4:p:1249-1269
    DOI: 10.1111/ehr.12607
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    Cited by:

    1. Fredrik N G Andersson & Jason Lennard, 2019. "Irish GDP between the Famine and the First World War: estimates based on a dynamic factor model," European Review of Economic History, Oxford University Press, vol. 23(1), pages 50-71.

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