A newer version of this project is available. See below for other available versions.

Debt Policy in Spanish America during the Seventeenth Century

Principal Investigator(s):  View help for Principal Investigator(s) Sergio Tonatiuh Serrano Hernandez, Universidad Carlos III de Madrid

Version:  View help for Version V1

Name File Type Size Last Modified
  Appendices 08/31/2023 10:06:PM
  Figures 08/31/2023 09:59:PM
  Tables 08/31/2023 09:56:PM

Project Citation: 

Serrano Hernandez, Sergio Tonatiuh. Debt Policy in Spanish America during the Seventeenth Century. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-08-31. https://doi.org/10.3886/E193568V1

Project Description

Summary:  View help for Summary This paper analyzes the policies that the Castile of the seventeenth century followed toward creating and selling short-term and long-term debt paid off from the Crown’s New World revenues. We use microdata to reconstruct comprehensive fiscal accounts for Spanish America during the seventeenth century. Our new time series evidence shows that the Spanish Empire maintained differential debt policies in the center and the periphery. Spanish America issued considerably less debt, more credible than coetaneous Castilian debt. However, the issuances’ size did not reflect lower debt capacity in the New World, as the Spanish Empire restrained long-term debt issuance to emergencies. We also provide complementary evidence from debt issuances and explain why differential debt policies were maintained.
Funding Sources:  View help for Funding Sources Ministerio de Universidades del Gobierno de España (Convocatoria de Ayudas para la recualificación del sistema universitario español para 2021-2023)

Scope of Project

Geographic Coverage:  View help for Geographic Coverage Castile, Spanish America
Time Period(s):  View help for Time Period(s) 1/1/1600 – 12/13/1699 (Seventeenth Century)
Data Type(s):  View help for Data Type(s) administrative records data

Methodology

Data Source:  View help for Data Source
  • Klein, Herbert S. and John J. TePaske. The Royal Treasuries of the Spanish Empire in America, Durham, N.C., Duke University Press, 1982. ISBN: 978-0-8223-0530-9
  • Klein, Herbert S. and John J. TePaske. Los ingresos y egresos de la Real Hacienda de la Nueva España, México, D.F., Secretaría de Hacienda y Crédito Público, Instituto Nacional de Antropología e Historia, 1986. ISBN: 968-6-0383-10
Unit(s) of Observation:  View help for Unit(s) of Observation Pesos de a Ocho de 272 Maravedíes

Related Publications

Download this project

Published Versions

V2 [2023-09-02]

V1 [2023-08-31]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.