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De la Moneda Metálica al Billete de Banco en Medellín y Bogotá (1871-1885): complementariedad y sustitución de medios de pago en un régimen de banca l

Author

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  • Kelly Vanessa Acuna Mantilla
  • Andrés Álvarez

Abstract

El estudio de la circulación monetaria durante la llamada era de banca libre" en Colombia (1865-1885) muestra patrones diferentes según las regiones. Este trabajo estudia la complementariedad y sustitución entre moneda metálica y billetes de bancos privados. Se pone en evidencia la existencia de mecanismos de sustitución entre monedas de oro y billetes bancarios para el caso de Antioquia mientras que en el caso de Bogotá no se puede afirmar que la evidencia sea concluyente. El patrón de comportamiento de la acunación de moneda de plata por el contrario muestra complementariedad con el billete de banco en ambas regiones. Este trabajo concluye que una forma de Ley de Gresham particular se evidenció en Colombia. Se muestra evidencia que permitiría concluir que las diferencias regionales en el funcionamiento de este mecanismo se deben a la especialización de la región de Medellín (Estado de Antioquia) como mayor productor y exportador de oro, mientras que la economía bogotana se especializa en agricultura, servicios y artesanado. "

Suggested Citation

  • Kelly Vanessa Acuna Mantilla & Andrés Álvarez, 2013. "De la Moneda Metálica al Billete de Banco en Medellín y Bogotá (1871-1885): complementariedad y sustitución de medios de pago en un régimen de banca l," Documentos CEDE 10548, Universidad de los Andes, Facultad de Economía, CEDE.
    • Handle: RePEc:col:000089:010548
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    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economic History > Regional Economic History > Latin American Economic History > Economic History of Colombia > Colombian Regional History

    More about this item

    Keywords

    Casas de Moneda; banca libre; historia monetaria de Colombia; billetes de banco; monedas; Ley de Gresham.;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean

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