IDEAS home Printed from https://ideas.repec.org/a/bdr/ensayo/v30y2012i67p106-127.html
   My bibliography  Save this article

Manuel de Pombo: precursor de la banca central independiente en época de la Independencia

Author

Listed:
  • Roberto Junguito

    ()

Abstract

This article provides an account of the responsible, independent position held by Manuel de Pombo, an accountant and later director of the national mint (la Casa de la Moneda) in Santa Fe de Bogotá during Colombian Independence. De Pombo refused to yield to the demands of Antonio Nariño, then President of the Sovereign State of Cundinamarca, to reduce the gold content of coins as an excise tax without the full knowledge and consent of Congress and the people. De Pombo’s steadfast stance regarding the safekeeping of the nation´s reserves, as well as his defense of the currency’s purchasing power, led to his dismissal as the director of the national mint in 1813. In recognition of de Pombo’s solid economic reasoning, this paper reviews his outstanding contribution as a pioneering advocate for an autonomous central bank during Independence. This historical essay falls into the subject category of currency valuation during the period of Colombian Independence.

Suggested Citation

  • Roberto Junguito, 2012. "Manuel de Pombo: precursor de la banca central independiente en época de la Independencia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 30(67), pages 106-127, July.
  • Handle: RePEc:bdr:ensayo:v:30:y:2012:i:67:p:106-127
    DOI: 10.32468/Espe.6704
    as

    Download full text from publisher

    File URL: https://doi.org/10.32468/Espe.6704
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Roberto Junguito Bonnet, 2019. "El papel de los gremios en la economía colombiana," Revista Desarrollo y Sociedad, Universidad de los Andes - CEDE, vol. 82(4), pages 103-127, May.

    More about this item

    Keywords

    valor de la moneda; independencia de Colombia;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdr:ensayo:v:30:y:2012:i:67:p:106-127. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Clorith Angélica Bahos Olivera). General contact details of provider: https://edirc.repec.org/data/brcgvco.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.