IDEAS home Printed from https://ideas.repec.org/a/cup/reveco/v19y2001is1p17-36_00.html
   My bibliography  Save this article

Los problemas del vellón en el siglo XVII. ¿Se consiguió abaratar la negociación del crédito imponiendo precios máximos a la plata?

Author

Listed:
  • Nogal, Carlos Álvarez

Abstract

The purpose of this paper is to analyze the effects of the control of the exchange rate vellón-silver over the prices in the Castile Crown's short-run credit. It compares the official price rates with the prices signed in the credit contracts of foreign financiers during the first half of the XVII century. The paper uses concepts from the price control theory and research done on black markets. There are many evidences that suggest that the official rates did not work to control the price of precious metals. In fact, the Crown had to pay the costly real price of the silver when it needed. Nevertheless, this policy served to change the behaviour of the financiers in the markets.

Suggested Citation

  • Nogal, Carlos Álvarez, 2001. "Los problemas del vellón en el siglo XVII. ¿Se consiguió abaratar la negociación del crédito imponiendo precios máximos a la plata?," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 19(S1), pages 17-36, March.
    • Handle: RePEc:cup:reveco:v:19:y:2001:i:s1:p:17-36_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0212610900009514/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Font de Villanueva, Cecilia, 2006. "Monetary reform in times of Charles II (1679-1686): aspects concerning the issued dispositions," IFCS - Working Papers in Economic History.WH wp06-07, Universidad Carlos III de Madrid. Instituto Figuerola.
    2. Carlos Álvarez-Nogal & Leandro Prados De La Escosura & Carlos Santiago-Caballero, 2016. "Spanish agriculture in the little divergence1,2," European Review of Economic History, European Historical Economics Society, vol. 20(4), pages 452-477.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:reveco:v:19:y:2001:i:s1:p:17-36_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/rhe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.