Monetary Aggregates for Ireland, 1840–192

21 Pages Posted: 10 Oct 2018

See all articles by Seán Kenny

Seán Kenny

Lund University

Jason Lennard

Lund University; National Institute of Economic and Social Research

Date Written: November 2018

Abstract

This article constructs new monetary aggregates for Ireland between 1840 and 1921. Three major findings are gleaned from the data. First, we find that the degree of monetization on the eve of the Famine was comparatively high. Second, we find an unprecedented monetary contraction during the Famine. Third, in contrast to previous research, we find that the failure of the Munster Bank in 1885 had ramifications for confidence in, and the stability of, the banking system.

Suggested Citation

Kenny, Seán and Lennard, Jason, Monetary Aggregates for Ireland, 1840–192 (November 2018). The Economic History Review, Vol. 71, Issue 4, pp. 1249-1269, 2018. Available at SSRN: https://ssrn.com/abstract=3264243 or http://dx.doi.org/10.1111/ehr.12607

Seán Kenny (Contact Author)

Lund University

Box 117
Lund, S221 00
Sweden

Jason Lennard

Lund University

Box 117
Lund, S221 00
Sweden

National Institute of Economic and Social Research

2 Dean Trench Street
Smith Square
London, SW1P 3HE
United Kingdom

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