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cover of the book Spenders and Hoarders: The World Distribution of Spanish American Silver 1550 - 1750

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02.03.2024
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The author discusses the economic forces that determined the amounts of silver that stayed in various countries or passed through. The central issue is whether there is one balancing model of the balance of payments - the price-specific-flow model in the period concerned - or three, with persistent surpluses and persistent deficits along with balance.

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