Publicação

Means of payment and degree of monetization : a suggestion and an application ot the case of Portugal

Ver documento

Detalhes bibliográficos
Resumo:Given that the characteristics of the sets of means of payment available to economic agents at a given moment supply decisive information about the degree of monetization of the economy, this paper first proposes a technique to analyse these characteristics, considering their amplitude, purchasing power and density, and then applies that technique to the evolution of the monetary system of Portugal in the course of its existence as an independent country. The Portuguese case is an interesting standard for international comparisons, because it evolved over a very long time span, and sharply different degrees of monetization may be identified within it: (i) an epoch of low or negligible monetization (12th-15th century); (ii) monetization of a significant and gradually increasing part of the economy (15th19th century); and (iii) almost full monetization (19th century on).
Autores principais:Tomás, Ana
Outros Autores:Valério, Nuno
Assunto:Monetary History Monetary Economy Monetary Policy Economic Growth Portugal
Ano:2020
País:Portugal
Tipo de documento:artigo
Tipo de acesso:acesso aberto
Instituição associada:Universidade de Lisboa
Idioma:inglês
Origem:Repositório da Universidade de Lisboa

Registos relacionados

Registos relacionados