A hidden fight behind neutrality. Spain’s struggle on exchange rates and gold during the Great War

IF 1.2 1区历史学 Q3 ECONOMICS

European Review of Economic History Pub Date : 2020-12-30 DOI:10.1093/ereh/heaa024

Carles Sudrià

引用次数: 0

Abstract

The aim of this article is to analyse the effects on Spain as a neutral country of the monetary measures adopted by the largest allied nations during the First World War. We will focus on the intervention of exchange rates and on the measures aimed at limiting gold outflows from belligerent countries. The distortions derived from these policies gave rise, in some cases, to additional profits for Spanish exporters and intermediaries, while in others prevented the effective transformation of some benefits from war into valuable assets and pushed them to be dragged down by the economic disturbances of the post-war period.

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中立背后隐藏着一场斗争。第一次世界大战期间西班牙在汇率和黄金问题上的斗争

本文的目的是分析第一次世界大战期间最大的盟国采取的货币措施对西班牙作为中立国的影响。我们将重点关注汇率干预和旨在限制交战国黄金外流的措施。这些政策造成的扭曲在某些情况下为西班牙出口商和中介机构带来了额外的利润，而在另一些情况下，则阻止了战争带来的一些利益有效转化为宝贵资产，并使其受到战后经济动荡的拖累。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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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.