The Taiwan tea boom-a financial glut
Bibliographic Data
| ID | 3591712 |
|---|---|
| Authors | Kelly B Olds (National Taiwan University, corresponding author) |
| Year | 2018 |
| Volume | 71 |
| Issue | 4 |
| Pages | 1227-1248 |
| Publication date | 2018-11-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ehr.12657 |
| OpenAlex | W2793190943 |
| Language | EN |
| References cited | 15 |
In the last half of the nineteenth century, northern Taiwan experienced a boom in tea exports. This led to a large trade surplus accompanied by large inflows of silver money. The increase in the money supply did not have much effect on rice prices or consumption, but did lower interest rates. The lower interest rates and higher real money balances caused a large increase in real estate prices. This local financial glut lasted more than 20 years. Along the China coast, the banking system allowed businesses to move funds easily in and out of areas, such as northern Taiwan, but once silver reached Taiwanese farmers in the village economy, it did not flow so easily. Studies of early finance that focus on commercial networks generally overlook such problems
Boom · Business · China · Consumption (sociology) · Economics · Geography · Interest rate · Monetary economics · Real estate · Finance · Financial Crisis of the 21st Century · Historical Economic and Social Studies · Japanese History and Culture
The Risk Premium Differential in Japanese-Era Taiwan and its Effect
The Commercial Revolution in Nineteenth-Century China
Determinants of Household Saving in Taiwan
What Drives Private Saving Across the World
Colonial Taiwan's Financial Revolution
Rural Credit Markets and Aggregate Shocks
The evolution of a national banking market in pre-war Japan
Una fiera senza luogo
Information asymmetry and the speed of adjustment
| Highly cited | No |
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