“…However, there are few references on the role played by government accounting in the implementation of a coinage policy to improve commerce. Yet, in economic history, the study of coinage policies has been a main branch of research (Gomes et al, 2008; Oldroyd, 1995; Sugden, 1993, for accounting history, and Day, 1999; Grierson, 1967; Mathias, 2009; Nightingale, 1985, for economic history). In the eighteenth century, for example, many of the European countries followed mercantilist policies aimed at wealth accrual by the state, especially through the accumulation of precious metals, and this involved the effective use of coinage policies to stabilize commerce (Gomes et al, 2008; see also Day, 1999).…”