An edition of Monetization and growth in colonial New England, 1703-1749
(2010)
Monetization and growth in colonial New England, 1703-1749
by Peter L. Rousseau
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"We examine econometrically the real effects of paper money's introduction into colonial New England over the 1703-1749 period. Departing from earlier analyses that focus primarily on the depreciation of paper money in the region, we show that expansion of the money stock promoted growth in modern sector activity and not the other way around. We also find that bills emitted for seigniorage purposes had a positive effect on the modern sector, while bills issued through loan banks did not"--National Bureau of Economic Research web site.
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Monetization and growth in colonial New England, 1703-1749
2010, National Bureau of Economic Research
Electronic resource
in English
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Edition Notes
Title from PDF file as viewed on 8/19/2010.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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