| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12427 |
| DP12427 Some doubts about the economic analysis of the flow of silver to China in 1550-1820 | |
| Jacques MELITZ | |
| 发表日期 | 2017-11-07 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | The paper takes issue with the mainstream economic analysis of the enormous flow of silver into China in 1550-1820. First, I challenge the view that arbitrage between gold and silver in European trade with China was important except for one twenty-year spell. Next, I argue that had China imported gold, its history would have been much the same. I also dispute the idea that the persistence of the silver inflows from 1550 to 1820 implies any persistent disequilibrium, and I maintain that economic theory can easily accommodate the view that the inflow of silver into China sponsored growth in China. |
| 主题 | Economic History ; International Macroeconomics and Finance |
| 关键词 | Silver flows into china 1550-1820 Silver/gold exchange rates Transaction costs in international trade |
| URL | https://cepr.org/publications/dp12427 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541237 |
| 推荐引用方式 GB/T 7714 | Jacques MELITZ. DP12427 Some doubts about the economic analysis of the flow of silver to China in 1550-1820. 2017. |
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