In the second half of the 20th century, Spain provides a case of political regime change, which according to some political economy models should also lead to a shift in the cyclical nature of fiscal policy. We find that in most of the pre-democratic era, there was a strong procyclical bias to...

Spanish long-run fiscal sustainability is analysed by using the multicointegration methodology. It permits the estimation of dynamic equilibrium relationships between flow and stock variables, and is here adjusted to fit the recurrent use of monetization. The results reveal that seigniorage was...

Primitive and Non-metallic Money -- Monetary System of Ancient Asia: China -- Monetary System of the Ancient Regime -- Medieval Debasement and Seigniorage -- Gresham's Law -- Flows of Precious Metals and Prices in Europe -- Rise and Decline of the Global Silver Standard -- Money, Trade, and...

This handbook provides a comprehensive overview of the state-of-art research in the field of monetary history. The authors comprise a collection of leading academics from universities worldwide. Thanks to its unrivaled breadth both in time (from antiquity to the present) and geographical...