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Martn de Azpilcueta: On Exchange (1556)

In: A Source Book on Early Monetary Thought

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Abstract

5,300 words. Azpilcueta makes the first explicit statement of the quantity theory of money. Beyond that, he states the purchasing-power-parity theory of exchange rates for the first time.

Suggested Citation

  • ., 2020. "Martn de Azpilcueta: On Exchange (1556)," Chapters, in: Edward W. Fuller (ed.), A Source Book on Early Monetary Thought, chapter 15, pages 105-112, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19916_15
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    Cited by:

    1. Siklos, Pierre L. & Stefan, Martin, 2021. "Exchange rate shocks in multicurrency interbank markets," Journal of Financial Stability, Elsevier, vol. 55(C).
    2. Ni, Yinan & Barth, James R. & Sun, Yanfei, 2022. "On the dynamic capital structure of nations: Theory and empirics," Research in International Business and Finance, Elsevier, vol. 62(C).

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