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Monetary Circulation in Durostorum as a Reflection of the Crisis in the Roman Empire (294–498)

Author

Listed:
  • Svetlana Gancheva

    (Regional Museum of History, Silistra, Bulgaria)

Abstract

Emperor Diocletian (284-305) started a number of reforms that led to a completely new stage in the development of the Roman Empire. The period of 294–498, subject of the study, is characterized by conflicts for the power, with years of development, followed by economic instability and barbaric threats, all of which affect commodity-money relations, the market and circulation processes to one degree or another. As a major feature of the dynamics of circulation is used the coin / year ratio, who express the rate of receipt of the coins. It is accepted, that the comparison of values for each period objectively reflects fluctuations in the local money market, which are due to military-political and economic reasons. Based on the monetary circulation in Durostorum, one of the most important centers in the northern border zone of the empire, the development of the city during late antiquity is traced.

Suggested Citation

  • Svetlana Gancheva, 2019. "Monetary Circulation in Durostorum as a Reflection of the Crisis in the Roman Empire (294–498)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 4, pages 263-274, November.
    • Handle: RePEc:ceh:journl:y:2019:v:4:p:263-274
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    More about this item

    Keywords

    Durostorum; Monetary Circulation; Crisis; Roman Empire;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913

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