Monetary Disorder in Buenos Aires Provice (1822 - 1881)

The Independent Review (Forthcoming)

AIER Sound Money Project Working Paper No. 2021-04

19 Pages Posted: 18 Mar 2021

See all articles by Adrian O. Ravier

Adrian O. Ravier

Universidad Francisco Marroquín

Nicolas Cachanosky

Metropolitan State University of Denver; American Institute for Economic Research; UCEMA Friedman-Hayek Center for the Study of a Free Society

Date Written: January 11, 2021

Abstract

This paper studies the monetary disorder of the Province of Buenos Aires between 1822 and 1881. This historical case shows that bank crises responded to fiscal imbalances and regulatory constraints rather than the absence of a central bank or supervisory financial institutions. Budgetary needs by the Treasury drained the banks from needed resources for financial stability.

Keywords: monetary institutions, free banking, central bank

JEL Classification: E5, N1, N2

Suggested Citation

Ravier, Adrian O. and Cachanosky, Nicolas, Monetary Disorder in Buenos Aires Provice (1822 - 1881) (January 11, 2021). The Independent Review (Forthcoming), AIER Sound Money Project Working Paper No. 2021-04, Available at SSRN: https://ssrn.com/abstract=3753634

Adrian O. Ravier

Universidad Francisco Marroquín ( email )

Escuela de Negocios
Calle Manuel F. Ayau (6 Calle final), zona 10
Guatemala, 01010
Guatemala

HOME PAGE: http://www.adrianravier.com

Nicolas Cachanosky (Contact Author)

Metropolitan State University of Denver ( email )

Student Success Building
890 Auraria Pkwy #310
Denver, CO 80217
United States

HOME PAGE: http://www.ncachanosky.edu

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

UCEMA Friedman-Hayek Center for the Study of a Free Society ( email )

Buenos Aires
Argentina

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