The Problem of Small Change in Early Argentina

19 Pages Posted: 8 Dec 2012

See all articles by Huberto M. Ennis

Huberto M. Ennis

Federal Reserve Banks - Federal Reserve Bank of Richmond

Date Written: 2006

Abstract

From the end of the 18th century through the beginning of the 19th century, shortages of small change occurred in the territory that is present-day Argentina. During the colonial period (until 1810), evidence associated with these shortages included the widespread use of informal means of payment, the difficulties encountered by Crown officials attempting to retire low-quality subsidiary coins from circulation, and the numerous official resolutions banning the export of fractional money. From 1810 to 1825, the episodes surrounding the introduction of copper coins and the issuance of low-denomination bank notes were closely associated with the insufficient availability of small change.

Suggested Citation

Ennis, Huberto M., The Problem of Small Change in Early Argentina (2006). FRB Richmond Economic Quarterly, vol. 92, no. 2, Spring 2006, pp. 93-111. Available at SSRN: https://ssrn.com/abstract=2186144

Huberto M. Ennis (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

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