The wild card: colonial paper money in French North America, 1685 to 1719

IF 1.2 1区历史学 Q3 ECONOMICS

European Review of Economic History Pub Date : 2021-08-03 DOI:10.1093/ereh/heab014

Bryan P Cutsinger, Vincent Geloso, Mathieu Bédard

引用次数: 0

Abstract

We use the first French experiment with playing card money in its colony of Quebec between 1685 and 1719 to illustrate the link between legal tender restrictions and the price level. Initially, the quantity of playing card money and the government’s poor fiscal condition appears to have had little effect on prices. After 1705, however, the playing card money became inflationary. We argue that this was caused by the government’s increased enforcement of the legal tender laws and the adoption of a redemption plan intended to remove the notes from circulation.

查看原文本刊更多论文

不确定因素:1685年至1719年法属北美殖民地的纸币

我们使用1685年至1719年间法国在其魁北克殖民地进行的第一次纸牌货币实验来说明法定货币限制与价格水平之间的联系。最初，扑克牌钱的数量和政府糟糕的财政状况似乎对价格影响不大。然而，1705年以后，打牌的钱开始出现通货膨胀。我们认为，这是由于政府加强了对法定货币法的执行，并采取了一项旨在将纸币从流通中移除的赎回计划。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

European Review of Economic History Multiple-

CiteScore

2.60

自引率

7.10%

发文量

期刊介绍： European Review of Economic History has established itself as a major outlet for high-quality research in economic history, which is accessible to readers from a variety of different backgrounds. The Review publishes articles on a wide range of topics in European, comparative and world economic history. Contributions shed new light on existing debates, raise new or previously neglected topics and provide fresh perspectives from comparative research. The Review includes full-length articles, shorter articles, notes and comments, debates, survey articles, and review articles. It also publishes notes and announcements from the European Historical Economics Society.