Catalán, JordiRoldán Marín, AlbaUniversitat de Barcelona. Departament d'Història Econòmica, Institucions, Política i Economia Mundial2019-10-222019-10-16https://hdl.handle.net/2445/142732[eng] This PhD analyses the causes and consequences of Spain’s non adoption of the gold standard. Chapter 1 is a state of the art about the costs and benefits of the gold standard in Spain. Chapter 2 is about causes by carrying out a debt sustainability analysis. Chapter 3 is about consequences and explains how the non-adoption of the gold standard could affect Spanish economy. Chapter 4 is a counterfactual analysis and studies how the economic growth would have been under a fixed exchange rate regime. The adoption of the gold standard would have been a mistake before 1903. Moreover, the adoption of the system after that moment would have been only possible by renouncing to historical parity and adopting the system with a devaluated parity.193 p.application/pdfeng(c) Roldán, 2019Or patróCanvi exteriorDeuteGold standardForeign exchangeDebtinfo:eu-repo/semantics/doctoralThesis2019-10-22info:eu-repo/semantics/openAccesshttp://hdl.handle.net/10803/667709