Arbeitspapier
American Precious Metals and their Consequences for Early Modern Europe
Over the early modern period and beyond, massive amounts of silver and gold were found and mined in the Americas. In this paper, I review the consequences for the European economies. Some second-order receiver countries such as England benefited in both the short and long run. First-order receivers such as Spain and Portugal also benefited in the short-run, but their continued exposure to the arrival of massive quantities of precious metals eventually led to loss of competitiveness and an institutional resource curse.
- Language
-
Englisch
- Bibliographic citation
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Series: EHES Working Paper ; No. 174
- Classification
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Wirtschaft
Institutions and the Macroeconomy
Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: 1913-
Macroeconomic Analyses of Economic Development
- Subject
-
American Precious Metals
Early Modern Period
Dutch Disease
Political Institutions
Economic growth
comparative development
- Event
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Geistige Schöpfung
- (who)
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Palma, Nuno
- Event
-
Veröffentlichung
- (who)
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European Historical Economics Society (EHES)
- (where)
-
s.l.
- (when)
-
2019
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Palma, Nuno
- European Historical Economics Society (EHES)
Time of origin
- 2019
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