The performance of the Portuguese economy during the 1980s was conditioned by two main factors: structural changes imposed by the decision to join the European Economic Community and external shocks and short-term fluctuations in the world economy. The first half of the 1980s Portugal’s...

This research aims to critically assess the references to theories of crises and economic cycles that existed in the main textbooks on political economy of Portuguese universities during the first half of the 20th Century, and, as much as possible, categorise their authors into international...

In this paper, we address the partial equilibrium functioning of the shortterm credit market in the Eighteenth-century Lisbon and its response to three major events: massive gold inflows from Brazil, a catastrophic destruction of capital caused by the 1755 earthquake and the enactment of a 5%...

João Crisóstomo de Abreu e Sousa and José Frederico Laranjo were important figures of the Portuguese political panorama of the second half of the 19th century. Both of them having belonged to the Partido Progressista (Progressive Party), they still keep very relevant differences from each...

In the earl y decades of the contemporar y world economy, Portugal had t o perform twice d ifficult stabilization processes: during the 1890s as a consequence of the collapse of external and public debt payments, and during the 1920s in the wake of the First World War. This paper will analyse...

Bento de Jesus Caraça was a prominent figure in the Portuguese society in the interwar and post-world war II period. His public intervention had a political dimension that embraces a doctrinal reflection on Europe, namely concerning the relations between Portugal and Europe, taking the latter...

At two different moments (1978-1979 and 1983-1985), Portugal had to call upon the International Monetary Fund (IMF) for financial assistance in order to resolve serious balance of payment crises. In both cases, the terms for the implementation of IMF conditionality were agreed before the...

This paper performs a long-run time series analysis of the behaviour of the income velocity of money in Portugal 1891-1998, and assesses the importance of both macroeconomic and institutional factors in shaping its path. We look for particularities of the Portuguese case in the international...

This paper provides a general view of the evolution of banking in the Portuguese Colonial Empire between the founding of the first Portuguese colonial bank in 1864 and the independence of most Portuguese colonies in 1975. The text summarizes the legal background, presents the banks existing...

During the second half of the twentieth century, the Spanish cork industry had lost its hegemonic position to Portugal, in the world market of manufactured cork. In this work we intend to demonstrate that one of the most important explanations of the consolidation of this country’s leadership...