This article constructs new monetary aggregates for Ireland between 1840 and 1921.Three major ﬁndings are gleaned from the data. First, we ﬁnd that the degreeof monetization on the eve of the Famine was comparatively high. Second, weﬁnd an unprecedented monetary contraction during the Famine. Third, in contrastto previous research, we ﬁnd that the failure of the Munster Bank in 1885 hadramiﬁcations for conﬁdence in, and the stability of, the banking system.
Subject classification (UKÄ)
- Economic History