How did the Spanish money supply evolve in aftermath of discovery large amounts precious metals America? We synthesize available data on mining and their international flow to estimate for Spain from 1492 1810. Our suggests that increased more than ten-fold. Viewed through equation exchange this increase can account most price level rise early modern Spain.

T he quantity theory of money, dating back at least to the mid-sixteenthcentury Spanish Scholastic writers of the Salamanca School, is one of the oldest theories in economics. Modern students know it as the proposition stating that an exogenously given one-time change in the stock of money has no lasting effect on real variables but leads ultimately to a proportionate change in the money price ...

Title of dissertation: TOWARDS ADEQUATE ANALYSIS AND MODELING OF STRUCTURAL ADJUSTMENT PROGRAMS: AN ANALYTICAL FRAMEWORK WITH APPLICATION TO GHANA Egor Kraev, Doctor of Philosophy, 2004 Dissertation directed by: Professor Herman Daly School of Public Policy When a country experiences a balance of payments problem, the typical remedy mix proposed by the International Monetary Fund consists of fi...