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Deuda pública interna, patrón metálico y guerras civiles: interconexiones institucionales, la Colombia del siglo XIX

  • Angela Milena Rojas Rivera


    (Facultad de Ciencias Económicas, Universidad de Antioquia)

This article analyzes the monetary and institutional impacts of the domestic public debt in 19th century Colombia. It shows the nature of this debt and its evolution so as to ultimately sketch one side of the institutional matrix of that century. The article draws upon the New Economic Institutionalism and it is derived from a broader research where fiscal data and qualitative information were built by using primary sources. It points out the close link between the issuing of debt notes and civil wars, and displays evidence on how this debt structured an impure gold standard. It is found that this debt had impact on the price level and strengthened the persistence of the monetary chaos and civil wars

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Article provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.

Volume (Year): (2007)
Issue (Month): 67 (Julio-Diciembre)
Pages: 195-224

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Handle: RePEc:lde:journl:y:2007:i:67:p:195-224
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Order Information: Postal: Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

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  1. Douglass C North & John Joseph Wallis & Barry R. Weingast, 2006. "A Conceptual Framework for Interpreting Recorded Human History," NBER Working Papers 12795, National Bureau of Economic Research, Inc.
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