A hidden fight behind neutrality. Spain's struggle on exchange rates and gold during the Great War
The aim of this article is to analyse the effects on Spain as a neutral country of the monetary measures adopted by the largest allied nations during the First World War. We will focus on the intervention of exchange rates and on the measures aimed at limiting gold outflows from belligerent countrie...
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| Tipo de recurso: | artículo |
| Estado: | Versión aceptada para publicación |
| Fecha de publicación: | 2021 |
| País: | España |
| Institución: | Universidad de Barcelona |
| Repositorio: | Dipòsit Digital de la UB |
| OAI Identifier: | oai:diposit.ub.edu:2445/180144 |
| Acceso en línea: | https://hdl.handle.net/2445/180144 |
| Access Level: | acceso abierto |
| Palabra clave: | Història econòmica Guerra Mundial I, 1914-1918 Política monetària Or Neutralitat Economic history World War, 1914-1918 Monetary policy Gold Neutrality |
| Sumario: | The aim of this article is to analyse the effects on Spain as a neutral country of the monetary measures adopted by the largest allied nations during the First World War. We will focus on the intervention of exchange rates and on the measures aimed at limiting gold outflows from belligerent countries. The distortions derived from these policies gave rise, in some cases, to additional profits for Spanish exporters and intermediaries, while in others prevented the effective transformation of some benefits from war into valuable assets and pushed them to be dragged down by the economic disturbances of the post-war period. |
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