El factor fiscal en la crisis castellana del siglo XVII

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Abstract

Introduction: The deep economic crisis that devastated Castile at the beginning of the modern era is one of the most controversial episodes in the economic history of our country. Methodology: After reviewing the most relevant aspects of the crisis of the period, the research will focus on the analysis of the fiscal situation. A review of the main elements that affected the tax system will be carried out, considering both the structure of the Castilian tax system and its real repercussions on credit and public debt, this analysis will highlight the seriousness of the fiscal imbalance. Results and Discussion: This paper aims to establish the responsibility that the fiscal factor played in the design of the Castilian monetary policy developed throughout the seventeenth century in Castile. Conclusions: This analysis reveals how the fiscal environment has a lot to do with the economic situation of seventeenth-century Castile and how it determines the development of monetary policy. It shows how the high fiscal needs that the Crown went through during this period determined the design of monetary policy, forcing it to be used as a source of financing.