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1. Editors' introduction Part I. The Old World: 2. The origins and development of stable fiscal and monetary institutions in England Forrest Capie 3. France and the failure to modernize macroeconomic institutions Eugene White 4. The Netherlands in the New World: the legacy of European fiscal, monetary and trading institutions on New World development from the seventeenth to the nineteenth century Jan DeVries 5. Fiscal and monetary institutions in Spain (1600-1900) Gabriel Tortella and Franciso Comin 6. War, taxes, and gold: the inheritance of the real Jorge Braga de Macedo, Alvaro Ferreira da Silva and Rita Martins de Sousa Part II. The New World: 7. The United States: financial innovation and adaptation, Richard Sylla 8. The legacy of French and English fiscal and monetary institutions for Canada Michael D. Bordo and Angela Redish 9. Mexico: from colonial fiscal regime to liberal financial order, 1750-1912 Carlos Marechal and Marcello Caramagni 10. Property rights and the fiscal and financial systems in Brazil: colonial heritage and the imperial period M. de P. Abreu and L. A. C. de Lego 11. Argentina: from colony to nation: the XVIII and XIX centuries fiscal and monetary experience Roberto Corte;s-Conde and George T. McCandless 12. Continuities and discontinuities in the fiscal and monetary institutions of New Granada, 1783-1850 Jaramillo U. Jaime, Maisel R. Adolfo, Urrutia M. Miguel Part III. Commentaries: 13. The state in economic history Herschel Grossman 14. The central role of fiscal and monetary capability Albert Fishlow.