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Costes y beneficios de la no entrada de España en el patrón oro (1874-1914): una revisión

Author

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  • Alba Roldan

    (Departamento de Historia Económica, Instituciones, Política y Economia Mundial, Universidad de Barcelona, Av. Diagonal, 690, 08034, Barcelona, España)

Abstract

The gold standard was the dominant monetary system between the late 1870's and the First World War. Spain never joined the system. The exchange rate of the peseta was flexible. The consequences of not adopting the gold standard are still a matter of controversy. Some of the studies stress the negative impact this could have for the Spanish long term economic growth. The opposite view points out that the cost of being part of this monetary system was unaffordable for a peripheral country like Spain. The debate is still open. KEY Classification-JEL: E42. E52. N10

Suggested Citation

  • Alba Roldan, 2017. "Costes y beneficios de la no entrada de España en el patrón oro (1874-1914): una revisión," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 13(02), pages 69-80.
    • Handle: RePEc:ahe:invest:v:13:y:2017:i:02:p:69-80
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    More about this item

    Keywords

    Patrón oro. España. Tipo de cambio;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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