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SUMMARY:Bullion or specie? The role of Spanish American silver coins in Eu
 rope and Asia throughout the 18th century - Dr Alejandra Irigoin\, London 
 School of Economics and Political Science
DTSTART:20180205T170000Z
DTEND:20180205T183000Z
UID:TALK74811@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:Economic historians often use grains of silver as a common den
 ominator for wages and prices in making international comparisons and meas
 uring market integration in the early modern period.  However it is unclea
 r that silver performed as a commodity or as money throughout that time ca
 sting some doubts on the comparability of the numeraire.  As Spanish Ameri
 ca was the overwhelming source for silver to the world up to the 1830s at 
 least\, and silver was the main item of commerce between Asia and Europe a
 nd one of the two main metals to base European monetary systems\, this pap
 er discusses the use and circulation of Spanish American silver coins in t
 he international economy of the time.  Looking at transactions carried by 
 Britain with Asia and other European economies during the Restriction Peri
 od\, the findings indicate significant monetary effects from the working o
 f particular financial institutions and policies.
LOCATION:Darwin College (Seminar Room\, No. 1 Newnham Terrace - entrance v
 ia Porters Lodge on Silver St)
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