G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13501
DP13501 A Silver Transformation: Chinese Monetary Integration in Times of Political Disintegration during 1898-1933
Debin Ma; Liuyan Zhao
发表日期2019-02-01
出版年2019
语种英语
摘要This paper provides the first systematic econometric study on the evolution of Chinese silver exchange and monetary regimes during 1898-1933. Using high quality data sets of monthly and daily prices of silver dollars, we apply the threshold autoregressive models to estimate the silver points between Shanghai and other seventeen cities in Northern and Central China. We find a dramatic improvement in monetary integration from the 1910s, consolidated throughout the 1920s and 1930s to rival the global standard. We supplement our analysis with new data sets on volumes and costs of silver flows and with an in-depth historical narrative. Our paper revaluates the efficiency of the silver regime and China’s economic performance in the Republican era.
主题Economic History ; International Macroeconomics and Finance
URLhttps://cepr.org/publications/dp13501
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/542317
推荐引用方式
GB/T 7714
Debin Ma,Liuyan Zhao. DP13501 A Silver Transformation: Chinese Monetary Integration in Times of Political Disintegration during 1898-1933. 2019.
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