Hostname: page-component-586b7cd67f-vdxz6 Total loading time: 0 Render date: 2024-11-28T10:25:39.384Z Has data issue: false hasContentIssue false

Bills of exchange as money: sources of monetary supply during the industrialisation of Catalonia, 1844–741

Published online by Cambridge University Press:  12 September 2008

Xavier Cuadras-Morató
Affiliation:
Universitat Pompeu Fabra, Barcelona
Joan R. Rosés
Affiliation:
European University Institute, Florence

Abstract

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Articles
Copyright
Copyright © European Association for Banking and Financial History 1998

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

2 Ashton, T. S., ‘The bill of exchange and private banks in Lancashire, 1790–1830’, Economic History Review, 15 (1945)CrossRefGoogle Scholar; and reprinted in Ashton, T. S. and Sayers, R. S. (eds), Papers in English Monetary History (Oxford, 1953; reprinted 1954, 1967).Google Scholar

3 An illustrative example of this is the literature concerned with the free-banking experience. See particularly: White, L. H., Free Banking in Britain: Theory, Experience and Debate, 1800–1845 (Cambridge, 1984)Google Scholar; idem (ed.), Free Banking (Aldershot, 1993)Google Scholar; and Dowd, K. (ed.), The Experience of Free Banking (London, 1992).CrossRefGoogle Scholar

4 Menger, K., ‘On the origin of money’, Economic Journal, 2 (1892).CrossRefGoogle Scholar

5 Jevons, S., Money and the Mechanism of Exchange (London, 1875).Google Scholar

6 The basic references are: Kiyotaki, N. and Wright, R., ‘On money as a medium of exchange’, Journal of Political Economy, 97 (1989)CrossRefGoogle Scholar; Wright, R., ‘Search, evolution and money’, Journal of Economic Dynamics and Control, 19 (1995)CrossRefGoogle Scholar; and Cuadras-Morató, X., ‘Commodity money in the presence of goods of heterogeneous quality’, Economic Theory, 4 (1994).CrossRefGoogle Scholar

7 The major literature on the Catalan industrialisation comprises: Nadal, J., El fracaso de la revolución industrial en España (Barcelona, 1974)Google Scholar; and Maluquer, J., ‘La revolución industrial en Cataluña’, in Sánchez-Albornoz, N. (ed.), La Modernizatión Económica de España (Madrid, 1985).Google Scholar

8 Tortella, G., Los Orígenes del Capitalismo en España (Madrid, 1973).Google Scholar

9 For the history of this bank, see Cabana, F., Història del Banc de Barcelona (1844–1920) (Barcelona, 1978).Google Scholar

10 For a recent review of this point, see Pascual, P. and Sudrià, C., Quiebra colonial y ajuste monetario en España, mimeo (1992)Google Scholar; while a critical view can be found in Prados, L., ‘El comercio exterior, 1792–1827. La pérdida de las colonias americanas y sus efectos sobre la economía española’, in Fontana, J. (ed.), La Economía Española al final del Antigua Régimen. III. Comercio y Colonias (Madrid, 1982).Google Scholar

11 On the development of the Spanish monetary system, see Sardà, J., La Política Monetaria y las Fluctuaciones de la Economía Española en el siglo XIX (Madrid, 1948)Google Scholar; Tortella, G., ‘Las magnitudes monetarias y sus determinantes’, in Schwartz, P. (ed.), La Banca Española en la Restauratión, 2 vols (Madrid, 1974)Google Scholar; and idem, ‘Los sistemas monetario y bancario’, in Tuñón de Lara, M. (ed.), Historia de España (Barcelona, 1981).Google Scholar

12 Rosés, J. R., Banca i indústria a Catalunya, 1844–1874, M.A. thesis (Universitat de Barcelona, 1993).Google Scholar

13 Friedman, M., Money Mischief. Episodes in Monetary History (New York, 1992).Google Scholar

14 Tortella, , ‘Las magnitudes monetarias’.Google Scholar

15 Castan¯eda, L. and Tafunell, X., ‘Un nuevo indicador para la historia financiera española: la cotización de las letras de cambio a corto plazo’, Revista de Historia Económica, 11 (1993)CrossRefGoogle Scholar; and Castañeda, L., ‘Crédito y mercado monetario no bancario en Barcelona a mediados del siglo XIX. Algunas consideraciones sobre la pervivencia de instrumentos financieros tradicionales’, V Congreso de la Asociación de Historia Económica (San Sebastián, 1993).Google Scholar

16 Arxiu Històric de Sabadell, Sabadell: Fons Pere Turull, Account and letter books, 1859–1860.

17 Arxiu Nacional de Catalunya, Barcelona [hereafter ANC]: Fons Sedó – Empresa Miquel Puig i Cia, Account books, 1859–60.

18 ANC: Fons Sedó – Societat Puig, Account books, 1859–1860.Google Scholar

19 For the econometric issues, see Greene, W., Econometric Analysis (New York, 1993).Google Scholar

20 Ashton, , ‘Bills of exchange in Lancashire’.Google Scholar