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

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  • Angela Milena Rojas Rivera

    () (Facultad de Ciencias Económicas, Universidad de Antioquia)

Abstract

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

Suggested Citation

  • Angela Milena Rojas Rivera, 2007. "Deuda pública interna, patrón metálico y guerras civiles: interconexiones institucionales, la Colombia del siglo XIX," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 67, pages 195-224, Julio-Dic.
  • Handle: RePEc:lde:journl:y:2007:i:67:p:195-224
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    References listed on IDEAS

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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.
    2. Angela Milena Rojas R, 2004. "Impactos monetarios e institucionales de la deuda pública en Colombia 1840-1890," BORRADORES DEL CIE 002813, UNIVERSIDAD DE ANTIOQUIA - CIE.
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    Cited by:

    1. Mejía Cubillos, Javier, 2012. "Propuesta metodológica para el cálculo del riesgo sistémico financiero en estudios de Historia Económica: Aplicación para el caso de la banca libre en Antioquia, 1888
      [A methodology for assessing f
      ," MPRA Paper 35460, University Library of Munich, Germany.

    More about this item

    Keywords

    domestic public debt; gold standard; civil war; institutions; nineteen century;

    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
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
    • N46 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Latin America; Caribbean

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