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Early modern financial development in the Iberian peninsula

Author

Listed:
  • Freire Costa, Leonor
  • Münch Miranda, Susana
  • Nogues-Marco, Pilar

Abstract

Iberian colonies produced the vast majority of world precious metals in the Early Modern period, which increased liquidity in the Iberian Peninsula. In this paper we focus on the relationship between liquidity and financial development – including other relevant variables such as instruments and institutions – to examine the efficiency of the financial systems in Castile and Portugal.

Suggested Citation

  • Freire Costa, Leonor & Münch Miranda, Susana & Nogues-Marco, Pilar, 2021. "Early modern financial development in the Iberian peninsula," Working Papers unige:147492, University of Geneva, Paul Bairoch Institute of Economic History.
    • Handle: RePEc:gnv:wpaper:unige:147492
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    References listed on IDEAS

    as
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    6. Leonor Freire Costa & Pedro Neves & Tomás Pinto de Albuquerque, 2019. "A Alteração da Estrutura Acionista das Companhias Coloniais Pombalinas: Impactos do Mercado Secundário de Títulos em Portugal no Século XVIII," Working Papers GHES - Office of Economic and Social History 2019/60, ISEG - Lisbon School of Economics and Management, GHES - Social and Economic History Research Unit, Universidade de Lisboa.
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    8. Pablo Martín-Aceña & Pilar Nogues-Marco, 2012. "Crisis bancarias en la historia de España. Del Antiguo Régimen a los orígenes del capitalismo moderno," Documentos de Trabajo (DT-AEHE) 1201, Asociación Española de Historia Económica.
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    More about this item

    Keywords

    financial system; public debt; private credit market; precious metals; interest rates.;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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