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The concept of Inflation in the Roman Empire

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  • Constantina Katsari
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    Abstract

    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.

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    Bibliographic Info

    Paper provided by EconWPA in its series Economic History with number 0204001.

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    Date of creation: 26 Apr 2002
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    Handle: RePEc:wpa:wuwpeh:0204001

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    Web page: http://128.118.178.162

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    Keywords: inflation Roman prices fiscal monetary debasement;

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    1. デナリウス in Wikipedia (Japanese)
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