Colonial Virginia's Paper Money Regime, 1755-1774: a Forensic Accounting Reconstruction of the Data / Farley Grubb.

Format:

Book

Author/Creator:

Grubb, Farley.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w21785.

NBER working paper series no. w21785

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Colonial Virginia’s Paper Money Regime, 1755-1774

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2015.

Summary:

I reconstruct the data on Virginia's paper money regime using forensic accounting techniques. I correct the existing data on the amounts authorized and outstanding. In addition, I reconstruct yearly data on previously unknown aspects of Virginia's paper money regime, including printings, net new emissions, redemptions and removals, denominational structures, expected tax revenues, and specie accumulating in the treasury for paper money redemption. These new data form the foundation for narratives written on the social, economic, and political history of Virginia, as well as for testing models of colonial paper money performance.

Notes:

Print version record

December 2015.