Debt Policy in Spanish America during the Seventeenth Century

Serrano Hernández, Sergio Tonatiuh

Publication:
Debt Policy in Spanish America during the Seventeenth Century

dc.affiliation.area	UC3M. Área de Historia Moderna	es
dc.affiliation.dpto	UC3M. Departamento de Humanidades: Historia, Geografía y Arte	es
dc.contributor.author	Serrano Hernández, Sergio Tonatiuh
dc.date.accessioned	2023-12-13T16:11:34Z
dc.date.available	2023-12-13T16:11:34Z
dc.date.issued	2023
dc.description.abstract	This paper analyzes the policies that the Castile of the seventeenth century followed toward creating and selling short-term and long-term debt paid off from the Crown's New World revenues. We use microdata to reconstruct comprehensive fiscal accounts for Spanish America during the seventeenth century. Our new time series evidence shows that the Spanish Empire maintained differential debt policies in the center and the periphery. Spanish America issued considerably less debt, more credible than coetaneous Castilian debt. However, the issuances’ size did not reflect lower debt capacity in the New World, as the Spanish Empire restrained long-term debt issuance to emergencies. We also provide complementary evidence from debt issuances and explain why differential debt policies were maintained.	es
dc.format.extent	20	es
dc.identifier.bibliographicCitation	Explorations in Economic History, 90 (2023)	es
dc.identifier.doi	https://doi.org/10.1016/j.eeh.2023.101548
dc.identifier.issn	0014-4983
dc.identifier.publicationtitle	Explorations in Economic History	es
dc.identifier.publicationvolume	90	es
dc.identifier.uri	https://hdl.handle.net/10016/39084
dc.identifier.uxxi	AR/0000033647
dc.language.iso	eng	es
dc.publisher	Elsevier	es
dc.rights	Atribución-NoComercial-SinDerivadas 3.0 España	*
dc.rights.accessRights	open access	es
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/es/	*
dc.subject.eciencia	Economía	es
dc.subject.other	Spanish America	es
dc.subject.other	Castile	es
dc.subject.other	State Finance	es
dc.subject.other	Public Debt	es
dc.subject.other	Taxation	es
dc.subject.other	Early Modern History	es
dc.subject.other	Latin America	es
dc.subject.other	Financial History	es
dc.title	Debt Policy in Spanish America during the Seventeenth Century	es
dc.type	research article	*
dc.type.hasVersion	VoR	*
dspace.entity.type	Publication