Politics and interests in the classical gold standard. Spain (1876-1913)
Resumen: Spain never formally joined the classical gold standard, partly because its aspiration for gold convertibility did not match the financing needs of the Treasury. This paper illustrates how preferences for convertibility, that is, for fixed exchange rates, were shared by the parliamentary representatives of its manufacturing provinces because of their dependency on imported inputs (coal and cotton). However, to explain their preference for currency stability, trade policy must be considered. Without the high tariffs that the cotton industry enjoyed thorough the whole period and the steel industry from 1891 onwards, the renouncement of a pro competitive depreciating peseta might not have been so clear-cut. Thus, beyond the Spanish case, this paper supports the theoretical assumption that the input-output structure of a productive sector influences its currency stance, while reinforcing the argument that trade policy plays a key role in the understanding of currency politics.
Idioma: Inglés
DOI: 10.1344/rhiihr.v31i84.32637
Año: 2022
Publicado en: Revista de historia industrial 31, 84 (2022), 15-58
ISSN: 1132-7200

Factor impacto JCR: 0.2 (2022)
Categ. JCR: BUSINESS rank: 153 / 154 = 0.994 (2022) - Q4 - T3
Categ. JCR: HISTORY OF SOCIAL SCIENCES rank: 32 / 34 = 0.941 (2022) - Q4 - T3
Categ. JCR: HISTORY rank: 87 / 100 = 0.87 (2022) - Q4 - T3
Categ. JCR: ECONOMICS rank: 378 / 380 = 0.995 (2022) - Q4 - T3

Factor impacto CITESCORE: 0.4 - Social Sciences (Q4) - Arts and Humanities (Q2) - Economics, Econometrics and Finance (Q4) - Business, Management and Accounting (Q4)

Factor impacto SCIMAGO: 0.135 - History (Q2) - History and Philosophy of Science (Q3)

Financiación: info:eu-repo/grantAgreement/ES/AEI/PGC2018-094941
Financiación: info:eu-repo/grantAgreement/ES/DGA/S44-20R
Tipo y forma: Article (Published version)
Área (Departamento): Área Economía Aplicada (Dpto. Economía Aplicada)

Creative Commons You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.


Exportado de SIDERAL (2024-03-18-13:44:35)


Visitas y descargas

Este artículo se encuentra en las siguientes colecciones:
Articles



 Record created 2024-01-12, last modified 2024-03-19


Postprint:
 PDF
Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)