Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/5916
Título: Echoes from the past : portuguese stabilization of the 1890s and 1920s
Autor: Branco, Amélia
Valério, Nuno
Sousa, Rita Martins de
Palavras-chave: Stabilization processes
Economic policy
Monetary policy
Fiscal policy
Portugal
Séc. XIX-XX
Data: 2011
Editora: ISEG - Gabinete de História Económica e Social
Citação: Branco, Amélia, Nuno Valério, Rita Martins de Sousa. 2011. "Echoes from the past : portuguese stabilization of the 1890s and 1920s". Instituto Superior de Economia e Gestão - GHES, Working paper nº 47
Relatório da Série N.º: GHES Working paper;nº 47
Resumo: In the early decades of the contemporary world economy, Portugal had to perform twice difficult stabilization processes: during the 1890s as a consequence of the collapse of external and public debt payments, and during the 1920s in the wake of the First World War. This paper will analyse these Portuguese situations: the 1890s stabilization based on leaving the gold standard monetary system and on partial default of the external public debt payments led to a period of economic stagnation, which lasted until the First World War, in spite of the good international background provided by the so called belle époque; the 1920s stabilization based on a very tough fiscal adjustment opened the way to an interwar period of slight growth , in spite of the unfavourable international background provided by the problems of the 1920s and the Great Depression during the 1930s (although it was not enough to sustain the liberal republican regime, which was replaced by a military dictatorship, and later an authoritarian right-wing regime).
URI: http://hdl.handle.net/10400.5/5916
Aparece nas colecções:GHES - Documentos de Trabalho / GHES - Working papers

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