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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  and
Joan R. Rosés
Xavier Cuadras-Morató
Affiliation:
Universitat Pompeu Fabra, Barcelona
Joan R. Rosés
Affiliation:
European University Institute, Florence
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Type
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Information
Financial History Review , Volume 5 , Issue 1 , April 1998 , pp. 27 - 47
Copyright
Copyright © European Association for Banking and Financial History 1998

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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