Política monetaria - History Lab https://historylab.es Fri, 20 May 2022 14:15:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://historylab.es/wp-content/uploads/2021/06/cropped-icono-historylab-32x32.jpg Política monetaria - History Lab https://historylab.es 32 32 Silver coin issues in the Crown of Aragon (1601-1700) https://historylab.es/silver-coin-issues-in-the-crown-of-aragon-1601-1700/?utm_source=rss&utm_medium=rss&utm_campaign=silver-coin-issues-in-the-crown-of-aragon-1601-1700 Sat, 19 Feb 2022 16:29:13 +0000 https://historylab.es/2022/02/19/emisiones-de-moneda-de-plata-en-la-corona-de-aragon-1601-1700/ Table showing the evolution of silver coin issues in the Aragonese crown, as well as the variables that were specific to them and altered them according to monetary policy: weight and nominal value

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]]> For the Crown of Aragon, made up of the kingdoms of Aragon, Valencia and the principality of Catalonia, the issue of silver coins was one of the main concerns of the monetary economy. If during the 16th century the weight of the Valencian dieciocheno had to be reduced so as not to exceed its legal tender value and thus avoid its export, the 17th century saw similar measures for the Catalan “croat” and real and the Valencian dieciocheno itself. In the first case, the 3.12 grams that the croat had weighed since 1493 was reduced in 1619 to 3.04 grams, reaching 2.81 grams in 1653. The Catalan real fell from 2.5 grams to 2.04 between 1674 and 1698. For its part, the Valencian silver coin ended the century at 1.87 grams, almost half the 3 grams it weighed in 1480. However, the Aragonese real remained at a fixed weight of 3.42 for more than a century: from 1519 to 1652. All these adjustments were carried out as reforms aimed at readjusting the silver to the fleece.

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]]> Silver coin issues in the Crown of Aragon (1480-1598) https://historylab.es/silver-coin-issues-in-the-crown-of-aragon-1480-1598/?utm_source=rss&utm_medium=rss&utm_campaign=silver-coin-issues-in-the-crown-of-aragon-1480-1598 Sat, 19 Feb 2022 16:29:13 +0000 https://historylab.es/2022/02/19/emisiones-de-moneda-de-plata-en-la-corona-de-aragon-1480-1598/ Table analysing the evolution of silver coinage in the Crown of Aragon after the arrival of silver from the American continent

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]]> The discovery of America by the Hispanic Monarchy led to the use of Castilian reales in the Crown of Aragon due to the remittances of silver received by Castile. Ferdinand the Catholic sought to increase the legal value of the silver coins of the Aragonese crown so that they would not be annulled, nominally devaluing the vellon to facilitate conversion with the Castilian reales. The monarch refused to reduce the weight of the silver coins during his reign in order to prevent their export. why were the Valencian dieciochenos exported? Their weight in silver exceeded the nominal value which the law recognised. During the reign of Charles V between 1480 and 1598, the weight of the silver coinage in the Crown of Aragon tended to be reduced in the Kingdom of Valencia, without any loss of value. Thus, the weight of the Valencian dieciocheno was reduced by 25.25% in 1522 and by 29% in 1547. Compared to the Valencian money market, the Catalan one was more stable. In fact, the weight of the Catalan croat remained constant at 3.23 grams throughout the 17th century.

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