A silver transformation
Chinese monetary integration in times of political disintegration, 1898-1933
Bibliographic Data
| ID | 3720178 |
|---|---|
| Authors | Debin Ma (0000-0002-9604-8724, London School of Economics and Hitotsubashi University, corresponding author), Liuyan Zhao (0000-0003-2256-0175, Peking University) |
| Year | 2020 |
| Volume | 73 |
| Issue | 2 |
| Pages | 513-539 |
| Publication date | 2020-05-01 |
| Peer Reviewed | Yes |
| 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.12939 |
| OpenAlex | W2939397014 |
| Language | EN |
| Citations received | 7 |
| References cited | 22 |
This article provides the first systematic econometric study on the evolution of Chinese silver exchange and monetary regimes during the period 1898-1933. Using high-quality datasets of monthly and daily prices of silver dollars, we apply the threshold autoregressive models to estimate the silver points between Shanghai and 18 other cities in northern and central China. We find a noticeable improvement in monetary integration between Shanghai and Tianjin from the 1910s, which then spread to other cities in our sample throughout the 1920s and 1930s. We supplement our analysis with new datasets on volumes and costs of silver flows and with an in-depth historical narrative. This article re-evaluates the efficiency of the silver regime and China's economic performance in the Republican era
Art · Autoregressive model · China · Econometric model · Econometrics · Economics · Geography · Literature · Narrative · Political science · Politics · Sample (material) · Transformation (genetics) · Culture, Economy, and Development Studies · Historical Economic and Social Studies
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The Remarkable Efficiency of the Dollar-Sterling Gold Standard, 1890–1906
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China and the Flow of Silver
| Unique citing works | 7 |
|---|---|
| Citations per year | 1,4 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 6 |