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New Estimates of the Money Stock in France, 1493–1680

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  • Glassman, Debra
  • Redish, Angela

Abstract

The money stock in France from 1493 to 1680 has not been well understood. Changes in the money stock have usually been represented by moving sums of annual mint output. Mint output, however, included large amounts of recoinage, resulting in double-counting. A model of mint output is estimated to determine the amount of recoinage. The money stock estimates are also improved by incorporating a constant rate of loss of coins.

Suggested Citation

  • Glassman, Debra & Redish, Angela, 1985. "New Estimates of the Money Stock in France, 1493–1680," The Journal of Economic History, Cambridge University Press, vol. 45(1), pages 31-46, March.
    • Handle: RePEc:cup:jechis:v:45:y:1985:i:01:p:31-46_03
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    Cited by:

    1. Broadberry, Stephen & Lennard, Jason, 2023. "European business cycles and economic growth, 1300-2000," Economic History Working Papers 120364, London School of Economics and Political Science, Department of Economic History.
    2. Nuno Palma, 2018. "Reconstruction of money supply over the long run: the case of England, 1270–1870," Economic History Review, Economic History Society, vol. 71(2), pages 373-392, May.
    3. Adam Brzezinski & Yao Chen & Nuno Palma & Felix Ward, 2024. "The Vagaries of the Sea: Evidence on the Real Effects of Money from Maritime Disasters in the Spanish Empire," The Review of Economics and Statistics, MIT Press, vol. 106(5), pages 1220-1235, September.
    4. Fernando Cerqueira Lima & Rita Martins de Sousa, 2015. "Production, Supply and Circulation of 'National' Gold Coins in Brazil (1720-1807)," Working Papers GHES - Office of Economic and Social History 2015/56, ISEG - Lisbon School of Economics and Management, GHES - Social and Economic History Research Unit, Universidade de Lisboa.
    5. Chen, Yao & Palma, Nuno & Ward, Felix, 2021. "Reconstruction of the Spanish money supply, 1492–1810," Explorations in Economic History, Elsevier, vol. 81(C).
    6. Motomura, Akira, 1997. "New Data on Minting, Seigniorage, and the Money Supply in Spain (Castile), 1597-1643," Explorations in Economic History, Elsevier, vol. 34(3), pages 331-367, July.
    7. Nuno Palma, 2019. "American Precious Metals and their Consequences for Early Modern Europe," Working Papers 0174, European Historical Economics Society (EHES).
    8. Adam Brzezinski & Roberto Bonfatti & K. KıvançKaraman & Nuno Palma, 2020. "Monetary Capacity," Economics Series Working Papers 926, University of Oxford, Department of Economics.
    9. Volckart, Oliver, 2017. "Premodern debasement: a messy affair," Economic History Working Papers 86533, London School of Economics and Political Science, Department of Economic History.
    10. Adam Brzezinski & Yao Chen & Nuno Palma & Felix Ward, 2024. "The Vagaries of the Sea: Evidence on the Real Effects of Money from Maritime Disasters in the Spanish Empire," The Review of Economics and Statistics, MIT Press, vol. 106(5), pages 1220-1235, September.

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