IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/78001.html
   My bibliography  Save this paper

Formalization of Chilean banking activity in the second half of the 19th century

Author

Listed:
  • Ross, Cesar

Abstract

This article analyzes the formalization of Chilean banking activity in the second half of the 19th century. It also considers the consequences of the legalization of banknote issuance as legal currency on the Chilean economy. The main hypothesis is that the formalization of banking activity had two main effects: on the one hand, it helped to develop the money market. On the other hand, it increased market concentration while there was no control of money issuing activity. This article is based on an archival research, contemporary magazines, newspapers and other secondary sources.

Suggested Citation

  • Ross, Cesar, 2016. "Formalization of Chilean banking activity in the second half of the 19th century," MPRA Paper 78001, University Library of Munich, Germany, revised 16 Nov 2016.
    • Handle: RePEc:pra:mprapa:78001
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/78001/1/MPRA_paper_78001.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    issuing banks; means of payment; bank notes; Chile;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • N2 - Economic History - - Financial Markets and Institutions
    • N86 - Economic History - - Micro-Business History - - - Latin America; Caribbean

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:pra:mprapa:78001. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.