Portugal and the Bretton Woods International Monetary System

Bordo, Michael D.; Santos, Fernando Teixeira dos

doi:10.1007/978-1-349-24220-7_9

Cited by 6 publications

(4 citation statements)

References 2 publications

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“…By 'Product', we mean Gross Domestic Product (GDP) at 1855 prices, by 'Inflation', the rate of growth of implicit GDP deflator and by 'Money', the M1 stock which includes coin, notes and demand deposits outside the monetary sector. 32 See Cooper (1982), Bordo (1993), Bordo and Santos (1995) and Bordo and Jonung (2001). 33 Accepting prices are stationary.…”

Section: Analysis Of the Stationarity Of The Seriesmentioning

confidence: 97%

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How the Gold Standard functioned in Portugal: an analysis of some macroeconomic aspects

Duarte¹,

Andrade²

2012

Applied Economics

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Section: Analysis Of the Stationarity Of The Seriesmentioning

confidence: 97%

“…29 See Crabbe (1989), Bourget et al (2002) and Hetzel (2002). 30 See Banco de Portugal (1932), Bordo and Santos (1995) and . 620 A. P. Duarte and J. S. Andrade…”

Section: The Gold Standard In Portugal: Some Indicatorsmentioning

confidence: 99%

How the Gold Standard functioned in Portugal: an analysis of some macroeconomic aspects

Duarte¹,

Andrade²

2012

Applied Economics

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“…De 1931 à 1949, l'Escudo fut ancré à la Livre anglaise 24 . Des accords conclus avec l'Angleterre ont conduit à des avoirs considérables en Livres, ce qui a maintenu cet ancrage de la monnaie portugaise au-delà de la fin de la Guerre (Bordo and Santos (1995). (Bordo and Santos (1995)).…”

Section: -Régimes Monétaires Dans L'economie Portugaiseunclassified

Régimes monétaires et théorie quantitative du produit nominal au Portugal (1854-1998)

Andrade

2016

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L'économie portugaise, comme d'ailleurs d'autres économies occidentales, a connu différents régimes monétaires depuis la moitié du XXe siècle. Nous voulons savoir si la théorie quantitative de la monnaie appliquée au revenu nominal, et non aux prix, peut expliquer le comportement du revenu nominal dans différents régimes monétaires. Nous concentrons notre analyse sur les périodes suggérées par les historiens économiques et nous les concentrons en utilisant la méthodologie de Bai-Perron pour l'identification des ruptures structurelles des séries temporelles. Après avoir pris la décision de savoir quelles périodes utiliser et connaissant les caractéristiques de stationnarité de l'offre de monnaie et du revenu nominal, nous appliquons la méthode de co-intégration de Johansen à ces deux séries. Notre conclusion est très intéressante: la théorie quantitative du revenu nominal de la monnaie ne peut être appliquée au régime de l'étalon-or. La confirmation empirique suggère que cette théorie ne peut être appliquée que dans un régime de monnaie inconvertible.

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“… 11 Portugal became a founding member of the Organisation for European Economic Cooperation (OEEC) in 1948, which favoured exports, but also the imports of goods that were necessary for the Portuguese industrialisation process (Bordo and Santos 1995). Portugal also became a founding member of the European Free Trade Association (EFTA) in 1960, having secured a tariff dismantling schedule that was very advantageous for its economy, while its exports to the EFTA countries increased immediately after its entry (Macedo, 1992).…”

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confidence: 99%

The Financial Costs of the Portuguese Colonial War, 1961-1974: Analysis and Applied Study

Ferraz

2021

RHE / JILAEH

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This article presents estimates of the financial costs incurred by Portugal with the Colonial War (1961-1974). The results obtained show that, on average, the extraordinary expenses most directly related with the war represented 22% of Portuguese state expenditure, equivalent to 3.1% of GDP. They also show that the total costs incurred by Portugal with the Colonial War amounted to between 21.8 billion euros and 29.8 billion euros, at today's prices and in the present-day currency. By estimating a dynamic model, it was also possible to identify a positive relationship between the extraordinary military expenditure on the defence and security of the overseas provinces—which included the budgetary costs of war—and Portuguese economic growth. The conclusions reached represent a valuable contribution to contemporary economic history.

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Portugal and the Bretton Woods International Monetary System

Cited by 6 publications

References 2 publications

How the Gold Standard functioned in Portugal: an analysis of some macroeconomic aspects

How the Gold Standard functioned in Portugal: an analysis of some macroeconomic aspects

Régimes monétaires et théorie quantitative du produit nominal au Portugal (1854-1998)

The Financial Costs of the Portuguese Colonial War, 1961-1974: Analysis and Applied Study

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