The role of copper money within the dynamics of sovereign debt and the perception of unsound fiat money in 17th- century Castile

Jefferies, C. (2013). The role of copper money within the dynamics of sovereign debt and the perception of unsound fiat money in 17th- century Castile. In: G. Depeyrot (Ed.), Three Conferences on International Monetary History. (pp. 91-102). Belgium: Moneta. ISBN 978-94-91384-24-0

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Abstract

The aim of the following paragraphs is to assess the role of fiat copper coins within the cycle of negotiations and approvals concerning sovereign debt in Castile during the first 3 decades of the 17th- Century. The perception of unsound fiat money will be studied using primary sources. The attitudes of contemporaries towards the transformation of coins from quasi- commodity money into unsound fiat money will be featured within the context of Castile's legal and political framework, highlighting alternatives to a devaluation and suggestions to introduce types of currency other than fiat money.

Item Type: Book Section
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Social Sciences > Department of Economics
URI: http://openaccess.city.ac.uk/id/eprint/12330

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