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Money in Spain. New historical statistics. 1830-1998

Author

Listed:
  • Pablo Martín-Aceña

    (Universidad de Alcalá)

Abstract

The purpose of this Working Paper is to present a reconstruction of the main monetary aggregates for the period 1830, when the first modern banknotes were issue, to1998, the last year before the substitution of the peseta by the euro. It offers series for currency in circulation and its components, bank deposits and its components, high-powered money and the money supply. With regard to previous monetary historical statistics, this Working Paper improves the quality and the time-span of the series, covering a period of more than 150 years. The Working Paper offers also a short approach to the long-term evolution of the quantity of money in Spain and the changes in its composition. The sources and methodology employed is explain in detail.

Suggested Citation

  • Pablo Martín-Aceña, 2018. "Money in Spain. New historical statistics. 1830-1998," Working Papers 1806, Banco de España.
    • Handle: RePEc:bde:wpaper:1806
    as

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    File URL: https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosTrabajo/18/Files/dt1806e.pdf
    File Function: First version, February 2018
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    References listed on IDEAS

    as
    1. Fratianni,Michele & Spinelli,Franco, 2005. "A Monetary History of Italy," Cambridge Books, Cambridge University Press, number 9780521023450.
    2. Alessio Moro & Galo Nuño & Pedro Tedde, 2015. "A twin crisis with multiple banks of issue. Spain in the 1860s," European Review of Economic History, European Historical Economics Society, vol. 19(2), pages 171-194.
    3. Castañeda, Lluis & Tafunell, Xavier, 1993. "Un nuevo indicador para la historia financiera española: La cotizacion de las letras de cambio a corto plazo," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 11(2), pages 367-383, September.
    4. Jobst, Clemens & Kernbauer, Hans, 2016. "The Quest for Stable Money," University of Chicago Press Economics Books, University of Chicago Press, number 9783593505350, September.
    5. Galo Nuño & Pedro Tedde & Alessio Moro, 2011. "Money dynamics with multiple banks of issue: evidence from Spain 1856-1874," Working Papers 1119, Banco de España.
    6. Eitrheim,Øyvind & Klovland,Jan Tore & Øksendal,Lars Fredrik, 2016. "A Monetary History of Norway, 1816–2016," Cambridge Books, Cambridge University Press, number 9781107150409.
    7. Nogues-Marco, Pilar & Herranz-Loncán, Alfonso & Aslanidis, Nektarios, 2017. "The making of a national currency. Spatial transaction costs and money market integration in Spain (1825-1874)," CEPR Discussion Papers 12453, C.E.P.R. Discussion Papers.
    8. Pamuk,Sevket, 2004. "A Monetary History of the Ottoman Empire," Cambridge Books, Cambridge University Press, number 9780521617116.
    9. Robert L. Hetzel, 2002. "German monetary history in the first half of the twentieth century," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 1-35.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    monetary statistics; monetary history; currency in circulation; bank deposits; money supply;
    All these keywords.

    JEL classification:

    • E49 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Other
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N9 - Economic History - - Regional and Urban History
    • Y1 - Miscellaneous Categories - - Data: Tables and Charts

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