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Bullion and Monetary Flows in the Northern Andes: New Evidence and Insights, 1780-1800

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  • James Vladimir Torres

Abstract

The paper examines the direction, magnitude and dynamics of bullion and monetary flows in the Viceroyalty of New Granada (present-day Colombia and Ecuador), the largest gold producer of the Spanish empire, during the late colonial period. The paper interweaves notarial records and little-explored post office accounts to craft a preliminary, yet novel, monetary geography of the region. It identifies the cities and regions that agglomerated the flows of gold and silver in the form of bullion and coins. The paper pursues a mostly empirical goal. It seeks to provide materials and insights to further study the mechanics of bimetallism in the region. The article suggests that bullion markets had a broader scope across distant regions than previously thought. The paper, then, supports the claim of recent scholars who have studied the flow of consumer goods in showing that the Northern Andes were much more integrated. Therefore, it is necessary to abandon the present-day national borders framework to analyze the north Andean economies.

Suggested Citation

  • James Vladimir Torres, 2019. "Bullion and Monetary Flows in the Northern Andes: New Evidence and Insights, 1780-1800," Tiempo y Economía, Universidad de Bogotá Jorge Tadeo Lozano, vol. 6(1), pages 13-45, February.
    • Handle: RePEc:col:000485:017224
    DOI: 10.21789/24222704.1430
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    References listed on IDEAS

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    8. James Vladimir Torres, 2015. "El comportamiento de los precios en una economía preindustrial: Popayán, virreinato de Nueva Granada, 1706-1819," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, June.
    9. Adolfo Meisel Roca, 2002. "Crecimiento a través de los subsidios: Cartagena de Indias y el Situado, 1751-1810," Cuadernos de Historia Económica 2211, Banco de la República, Economía Regional.
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    11. Gelman, Jorge Daniel, 1987. "El gran comerciante y el sentido de la circulación monetaria en el Río de la Plata colonial tardío," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 5(3), pages 485-507, December.
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    Cited by:

    1. José Leonardo Henao Giraldo, 2020. "Comercio en las “tierras de oro”. Circulación de bienes de la tierra en un circuito comercial de la Nueva Granada: Zaragoza (1789-1811)," Tiempo y Economía, Universidad de Bogotá Jorge Tadeo Lozano, vol. 7(1), pages 38-68, January.

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