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The concept of Inflation in the Roman Empire

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  • Constantina Katsari

Abstract

The concept of inflation in the Roman empire. The Bimetallic system used in the Roman empire allowed emperors to debase their coinage repeatedly, while the exchange rates remained almost intact. This situation caused changes in the use of silver coinage. Specifically, silver antoniniani were used in the place of bronze, while precious metal bullion was used for major commercial transactions. Although the Roman people carried more pieces of coins in the market on a daily basis, the concept of inflation cannot be applied to the economy.

Suggested Citation

  • Constantina Katsari, 2002. "The concept of Inflation in the Roman Empire," Economic History 0204001, EconWPA.
  • Handle: RePEc:wpa:wuwpeh:0204001
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    More about this item

    Keywords

    inflation Roman prices fiscal monetary debasement;

    JEL classification:

    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations

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