1st Edition
Money, Debt and Politics The Bank of Lisbon and the Portuguese Liberal Revolution of 1820
Acknowledgements
1. Introduction
2. Origins and antecedents of the banking system in Portugal
2.1. From banking practices to bank projects
2.2. In search of a theoretical framework
2.3. The Bank of Brazil (1808)
3. The Portuguese liberal revolution of 1820: historical meanings
3.1. Economic motivations and background
3.2. On the eve of the revolution
3.3. The Portuguese case in an international context
4. The political context of 1820 and the urgent need to create a bank
4.1. Paper money and public debt: debates in the public sphere
4.2. Budget and deficit: constitutional and political framework
4.3. The Public Finance Committee and the solution of a public bank
4.4. A divergent proposal
4.5. Final details in the proposal for a public bank
4.6. Parliamentary debates and the creation of the Bank of Lisbon
5. The foundation and activity of the Bank of Lisbon
5.1. Statutory attributes and mode of governance
5.2. Shareholders and directors
5.3. Indicators of banking vitality (1822-1827)
5.4. Signs of crisis
5.5. Theoretical framework of the banking crisis
6. Concluding remarks
Appendix: Legal charter for the creation of the Bank of Lisbon, 1821
Index
Biography
José Luís Cardoso is Research Professor at the Institute of Social Sciences of the University of Lisbon, Portugal.
Using a wide range of fascinating archival sources, José Luís Cardoso, in the History of the Bank of Lisbon, has opened up new vistas on the early development of central banking in Portugal showing the importance of the institutional and political contexts in the management of the public debt and monetary circulation.
Antoin E. Murphy, Trinity College Dublin
Financing the reconstruction of war-torn Europe after the end of the Napoleonic Wars required each surviving state to develop new modes of finance and governance. Professor Cardoso demonstrates that Portugal’s postwar government faced unique problems that delayed its "Liberal Revolution" until 1820 and then the creation of its Bank of Lisbon in 1821. Only then could Portugal begin the painful adjustment to the loss of Brazil as a colony and the continued dominance of the British economy.
Larry D. Neal, University of Illinois
