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RESUMEN Durante gran parte del siglo XVII, Castilla sufrió el desorden monetario de la Casa de Austria, caracterizado por una inflación rampante, deflaciones puntuales y el monopolio del vellón en la circulación monetaria en detrimento de la plata. Por fin, un conjunto de medidas monetarias puestas en práctica en la década de 1680 bajo el reinado de Carlos II consiguió terminar con aquel desorden. En este trabajo modelizamos un sistema monetario bimetálico —plata y vellón— con el fin de analizar las causas del éxito de tales medidas. ABSTRACT During a large part of the XVIIth-century the Kingdom of Castile suffered the monetary reform of the Habsbourg Monarchy, characterized by sucessive periods of inflation and deflation, and an increase in the circulation of “vellon” in substitution of silver coins. Reforms introduced in 1680 by Carlos III ended the disorder of the previous phase. In this article we present a bimetallic model in orden to analyse the causes of the success obtained by the monetary reforms of Carlos III.

La estabilización monetaria en Castilla bajo Carlos II