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Podcast: New Books in Economic and Business History
Episode: Juan José Rivas Moreno, "The Capital Market of Manila and the Pacific Trade, 1668-1838" (Palgrave Macmillan, 2024)
Description: Economic history has always emphasized the importance of long-distance trade in the emergence of modern financial markets, yet almost nothing is known about the Manila trade. The Capital Market of Manila and the Pacific Trade, 1668-1838 (Palgrave Macmillan, 2024) offers the first reconstruction of the capital market of Manila using new archival sources that have never been used in the economic history of Pacific trade.The book explains how trade between Asia and Spanish America across the Pacific, which lasted for 250 years (1571 – 1815) was financed from the city of Manila.The book analyses the political economy and institutional structures of t...