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A re-examination of the empirical evidence concerning colonial Virginia's paper money, 1755-1774: a comment on Grubb

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  • Michener, Ronald

Abstract

Farley Grubb's recent article in the Financial History Review contains econometric results designed to support his theoretical propositions concerning the paper money of the American colonies. This comment demonstrates that some of his results are spurious and the rest are based on using incorrect testing procedures and incorrect critical values of test statistics.

Suggested Citation

  • Michener, Ronald, 2019. "A re-examination of the empirical evidence concerning colonial Virginia's paper money, 1755-1774: a comment on Grubb," Financial History Review, Cambridge University Press, vol. 26(3), pages 389-399, December.
    • Handle: RePEc:cup:fihrev:v:26:y:2019:i:3:p:389-399_6
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    Cited by:

    1. Bryan P Cutsinger & Vincent Geloso & Mathieu Bédard, 2022. "The wild card: colonial paper money in French North America, 1685 to 1719 [Economic Structure and Agricultural Productivity in Europe, 1300–1800]," European Review of Economic History, European Historical Economics Society, vol. 26(2), pages 185-207.

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