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Continuities and Discontinuities in the Fiscal and Monetary Institutions of New Granada 1783-1850

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  • Jaime Jaramillo U.
  • Adolfo Meisel R.
  • Miguel Urrutia

Abstract

In this paper we study the structure of the fiscal system of the Viceroyalty of New Granada towards the end of the colonial period. Then we discuss how the tax system inhereted from the Spanish Empire evolved over the period 1821-1850. The conclusion that emerges from the review of the evidence is that the new republic was succesful in improving the tax regime it had received from Spain. By 1850, the Republic of New Granada possesed a fiscal system that was much more fair, efficient, and neutral, than was the case in 1810.

Suggested Citation

  • Jaime Jaramillo U. & Adolfo Meisel R. & Miguel Urrutia, 1997. "Continuities and Discontinuities in the Fiscal and Monetary Institutions of New Granada 1783-1850," Borradores de Economia 2197, Banco de la Republica.
    • Handle: RePEc:col:000094:002197
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    1. Joaquín Bernal Ramírez, 1984. "Las finanzas del sector público central en los anos veinte y treinta en Colombia," Coyuntura Económica, Fedesarrollo, vol. 14(2), pages 129-167, June.
    2. Redish, Angela, 1984. "Why Was Specie Scarce in Colonial Economies? An Analysis of the Canadian Currency, 1796–1830," The Journal of Economic History, Cambridge University Press, vol. 44(3), pages 713-728, September.
    3. Klein, Herbert S., 1995. "The Great Shift: the rise of Mexico and the Decline of Peru in the Spanish American Colonial Empire, 1680–1809," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 13(1), pages 35-61, March.
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    Cited by:

    1. Daron Acemoglu & Camilo García-Jimeno & James A. Robinson, 2015. "State Capacity and Economic Development: A Network Approach," American Economic Review, American Economic Association, vol. 105(8), pages 2364-2409, August.
    2. Grafe, Regina & Irigoin, Maria Alejandra, 2006. "The Spanish Empire and its legacy: fiscal redistribution and political conflict in colonial and post-colonial Spanish America," Journal of Global History, Cambridge University Press, vol. 1(2), pages 241-267, July.
    3. Carlos Esteban Posada, 1998. "Los mercados de instituciones y las instituciones endogenas," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 48, pages 149-168, Enero Jun.
    4. Salomón Kalmanovitz & Edwin López Rivera, 2019. "Las cuentas del federalismo colombiano," Books, Universidad Externado de Colombia, Facultad de Ciencias Sociales y Humanas, number 134, August.
    5. Irigoin, Alejandra, 2006. "Gresham on horseback: the monetary roots of Spanish American political fragmentation in the nineteenth century," Economic History Working Papers 22321, London School of Economics and Political Science, Department of Economic History.
    6. Salomón Kalmanovitz, 2006. "El PIB de la Nueva Granada en 1800: auge colonial, estancamiento republicano," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(15), pages 161-183, July-Dece.
    7. José Joaquín Pinto Bernal & James Vladimir Torres, 2016. "Guerra y fisco en la Nueva Granada, 1811-1824," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 18(35), pages 171-195, July-Dece.
    8. Prados de la Escosura, Leandro, 2004. "When did Latin America fall behind? : evidence from long-run international inequality," IFCS - Working Papers in Economic History.WH wh046604, Universidad Carlos III de Madrid. Instituto Figuerola.
    9. Salomón Kalmanovitz, 1999. "Las Instituciones Colombianas En El Siglo Xx," Borradores de Economia 3117, Banco de la Republica.
    10. Prados de la Escosura, Leandro, 2004. "Colonial independence and economic backwardness in Latin America," IFCS - Working Papers in Economic History.WH wh046503, Universidad Carlos III de Madrid. Instituto Figuerola.
    11. Salomón Kalmanovitz, 2008. "Consecuencias económicas de la independencia en Colombia," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 10(19), pages 207-233, July-Dece.
    12. Meisel-Roca, Adolfo & Ramírez-Giraldo, María Teresa (ed.), 2016. "Memorias de Hacienda y del Tesoro y de la Nueva Granada y Colombia, siglo XIX," Books, Banco de la Republica de Colombia, number 2016-04, July.

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