National Tsing Hua University Institutional Repository:The Chinese silver standard economy and the 1929 Great Depression
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    National Tsing Hua University Institutional Repository > 科技管理學院  > 經濟學系 > 期刊論文 >  The Chinese silver standard economy and the 1929 Great Depression


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    题名: The Chinese silver standard economy and the 1929 Great Depression
    作者: Lai, Cheng-chung;Gau, Joshua Jr-Shiang
    教師: 賴建誠
    日期: 2003
    出版者: Wiley-Blackwell
    關聯: Australian Economic History Review,Wiley-Blackwell,Volume 43,Issue 2,July 2003,Pages 155-168
    关键词: silver standard
    Chinese economy (1929-35)
    the 1929 Great Depression
    摘要: It is often said that the silver standard had insulated the Chinese economy from the Great
    Depression that prevailed in the gold standard countries during the 1929-35 period. Using econometric testing and counterfactual simulations, we show that if China had been on the gold standard (or on the gold-exchange standard), the balance of trade of this semi-closed economy would have been ameliorated, but the general price level would have declined significantly. Due to limited statistics, two important factors (the GDP and industrial production level) are not included in the analysis, but the general argument that the silver standard was a lifeboat to the Chinese economy remains defensible.
    URI: http://eu.wiley.com/WileyCDA/Brand/id-35.html
    http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/45302
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