AVƵ

Membres

Pilar Nogues-Marco

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Ph.D. in Economics (International Finance) at Sciences-Po Paris,Pilar Nogues-Marco is an Associate Professor in Economic History at the AVƵ (Paul Bairoch Institute) and a Research Fellow at Centre for Economic Policy Research ().Her research focuses on monetary and financial history from the early modern period to the present day. Before joining the AVƵ in 2015, she held teaching and research positions at Carlos III AVƵ of Madrid, Pompeu Fabra AVƵ, Sciences-Po Paris, and the AVƵ of Barcelona.

Scientific committee member of

Co-Organizer

Co-OrganizerCap-Hist Lab Doctoral Summer School 2025

CV Pilar Nogues-Marco

Research Interests

Financial Development; Monetary Systems; Globalisation; Capitalism

Research Projects

Monetary Systems and Monetary Policies in Historical Perspective: Insights from the Spanish Case, funded by the Bank of Spain (Dec 2024-Dec 2027)

Publications

- Nogues-Marco, P. (2025): "Monetary Geography vs. Political Sovereignty: The Emergence of NationalIssuing Banking in Spain",Revue française d'histoire économique (forthcoming)[]

- Nogues-Marco, P. (2024): "The Money Doctor Raimundo Fernández Villaverde and the Classical Gold Standard in Spain", in Alvarez, A., Bignon, V. Ögren, A., and Shizume, M. (eds.): Money Doctors Around the Globe – A Historical Perspective, Singapore: Springer, pp.177-192[][]

-Freire Costa, L., Münch Miranda S. and Nogues-Marco, P. (2024): "Early Modern Financial Development in the Iberian Peninsula", in Lains, P. (ed.)An Economic History of the Iberian Peninsula, 700-2000, chapter 13, Cambridge: Cambridge AVƵ Press, pp. 335-357 [] []

- Nogues-Marco, P. (2023): "Quality, Technology, and Dexterity. Female silk-spinning manufacture in Barcelona at the end of the Old Regime", RiSES. Ricerche di Storia Economica e Sociale (Journal of Economic and Social History)VIII (1-2), pp. 73-122[][]

- Nogues-Marco, P. (2021): "Measuring Colonial Extraction. The East India Company's Rule and the Drain of Wealth, 1757-1858",Capitalism. A Journal of History and Economics,2(1), pp. 154-193[][]

-Esteves, R. P., and Nogues-Marco, P. (2021): "Monetary systems and the global balance-of-payments adjustment in the pre-gold standard period, 1700-1870", in S. Broadberry and K. Fukao (eds.),The Cambridge Economic History of the Modern World, Cambridge:Cambridge AVƵ Press, volume I, pp. 438-467[][]

-Martín-Aceña, P., Martínez-Ruiz, E. and Nogues-Marco, P. (2020): "Maximizing Profits or Pursuing the Public Good? The Bank of Spain as a Central Bank",Journal of European Economic History, 48 (1), pp. 111-141[]

-Nogues-Marco, P., Herranz-Loncán, A. and Aslandinis, N. (2019):The making of a national currency. Spatial transaction costs and money market integration in Spain (1825-1874),Journal of Economic History, 79 (4), pp. 1094-1128 [] [] [].Hamilton Prize2020. .

-Nogues-Marco, P. (2018): "Money Markets and Exchange Rates in Preindustrial Europe", in S. Battilossi, Y. Cassis and K. Yago (eds.),Handbook of the History of Money and Currency, Singapore:Springer[][]

- Martínez-Ruiz, E. and Nogues-Marco, P. (2014):Crisis cambiarias y políticas de intervención en España, 1880-1975, Madrid: Banco de España-Estudios de Historia Económica, n. 66[][]

- Nogues-Marco, P. (2013): "Competing Bimetallic Ratios: Amsterdam, London and Bullion Arbitrage in the mid-18th century",Journal of Economic History, 73(2), pp. 445-476.[] []

- Jobst, C. and Nogues-Marco, P. (2013): "Commercial finance in Europe, 1700-1815", in Gerard Caprio (ed.),Handbooks in Financial Globalization: Handbook of Key Global Financial Markets,Institutionsand Infrastructure, London: Elsevier, pp. 95-105[]

- Martínez-Ruiz, E. and Nogues-Marco, P. (2013): "La peseta, de la independencia a la integración: las crisis cambiarias entre 1874 y 2000", E. Martínez-Ruiz and M.A. Pons (eds.),Las crisis financieras en la España contemporánea, 1850-2012, Barcelona: Crítica, pp. 115-157[]

- Martín-Aceña, P., Martínez-Ruiz, E. and Nogues-Marco, P. (2013): "The Bank of Spain: A national financial institution",Journal of European Economic History, 42 (1), pp. 11-45, [reprinted in Oliver Feiertag and Michel Margairaz (dir.) (2016): Les Banquescentraleset l’État-nation/ The Central Banks and the Nation-State, Paris: Presses de Sciences-Po][]

- Martín-Aceña, P. and Nogues-Marco, P. (2013): “Crisis bancarias en la historia. Del Antiguo Régimen a los orígenes del capitalismo moderno”, in F. Comín and M. Hernández (eds.),Las crisis económicas en España, 1300-2012. Lecciones de la Historia, Madrid: Alianza Editorial, pp. 141-167[]

- Martín-Aceña, P., Martínez-Ruiz, E. and Nogues-Marco, P. (2012): “Floating against the Tide: Spanish Monetary Policy, 1870-1931”, in Anders Ögren and Lars F. Øksendal (eds.),The Gold Standard Peripheries: Monetary Policy, Adjustment and Flexibility in a Global Setting, Basingstoke: Palgrave Macmillan, pp. 145-173[]

- Nogues-Marco, P. (2011): "Bullionism, specie-point mechanism and bullion flows in the early 18th-century Europe",Journal of Economic History, 71 (2), pp. 470-475

- Nogues-Marco, P. (2011):Tipos de cambio y tipos de interés en Cádiz en el siglo XVIII (1729-1788), Banco de España-Estudios de Historia Económica, n. 58[][]

- Flandreau, M., Galimard, C., Jobst, C. and Nogues-Marco, P. (2009): "Monetary Geography before the Industrial Revolution",Cambridge Journal of Regions, Economy and Society, 2 (2), pp. 149-171[][]

- Flandreau, M., Galimard, C., Jobst, C. and Nogues-Marco, P. (2009): “The Bell Jar: Commercial Interest Rates between Two Revolutions, 1688-1789”, in Jeremy Atack and Larry Neal (ed.),The Origins and Development of Financial Markets and Institutions. From the Seventeenth Century to the Present, Cambridge AVƵ Press, Cambridge, pp. 161-208[][]

- Nogues-Marco, P. and Vam Malle-Sabouret, C. (2007): “East India bonds, 1718-1763: early exotic derivatives and London market efficiency”,European Review of Economic History, 11 (3), pp. 367-394.to the best paper published in the EREH (2007-2009), awarded by the[]

- Blasco, Y, and Nogues-Marco, P. (2007): “The Accounting Mirror of the Banking Business: The Bank of Barcelona (1845-1856)”, De Computis. Spanish Journal of Accounting History, n. 7, pp. 3-37[]

- Blasco, Y. and Nogues-Marco, P. (2007): “La política crediticia del Banco de Barcelona entre 1844 y 1856: ¿prudente o pro-cíclica?”, Revista de Historia Industrial, núm. 34, pp.11-38[]

- Nogues-Marco, P. (2005): “Análisis de la deflación española de la primera mitad del siglo XIX: una comparación internacional”, Revista de Historia Económica, vol. XXIII, núm. 2, pp. 371-405[]

Teaching - Master

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Teaching - Bachelor

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Administrative Responsibilities

-Member of the Teaching Commission, Faculty of Social Sciences

-Director of the Scientific Committee forthePhDProgram in Economic and Social History

- Representative of the Paul Bairoch Institute of Economic History (IHEPB) on the Executive Committee of the, a research network involving(EHESS/-PSE),(, Madrid) and the Paul Bairoch Institute of Economic History(AVƵ), 2024-2028

- Convenor of the Research Seminar in Economic History (Fall semester), together with Juan Flores (Spring semester)

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This library is the initiative led bySabrinaSigeland Pilar Nogues-Marco, from the Paul Bairoch Institute of Economic History – Department of History, Economics and Society at the AVƵ. It has received financial support from the Geneva School of Social Sciences and the IT Commission of the AVƵ.