Following the Mongol invasion of China, the Yuan (1260– 1368) dynasty was the first political regime to introduce a precious metal standard and deploy paper money as the sole legal tender.
The rise and fall of paper money in Yuan China, 1260–1368
2024年1月8日 · Our paper explores the mechanism of paper money in Yuan China by deploying extensive primary and secondary sources. We show that the Yuan's paper money regime was stable and successful for nearly half of the century.
The rise and fall of paper money in Yuan China, 1260–1368
2024年1月8日 · Following the Mongol invasion of China, the Yuan (1260–1368) dynasty was the first political regime to introduce a precious metal standard and deploy paper money as the sole legal tender. Drawing on a new dataset on money issues, prices, warfare, imperial grants, taxation, natural disasters, and population, we find that a silver standard ...
The Rise and Fall of Paper Money in Yuan China, 1260–1368
2024年3月24日 · This column studies the rise and fall of paper money in 13-14th century China over three stages: full silver convertibility, nominal silver convertibility, and fiat standard. Military pressure in particular led to the over-issuance of money, especially under the fiat standard.
The rise and fall of paper money in Yuan China, 1260–1368
Following the Mongol invasion of China, the Yuan (1260–1368) dynasty was the first political regime in history able to deploy paper money as the sole legal tender. Drawing on a new dataset on money issues, imperial grants, and prices, we show that a silver standard initially consolidated the Chinese currency market.
The rise and fall of paper money in Yuan China, 1260–1368
2024年3月23日 · In early-13th century China, the Mongols introduced the silver standard, the first paper money in history to be backed by a precious metal. This column studies the rise and fall of paper money in 13-14th century China over three stages: full silver convertibility, nominal silver convertibility, and fiat standard.
From Copper Coins to Global Currency: The Evolution of Chinese Money ...
2024年12月2日 · Explore the rich history of Chinese currency, from ancient paper money innovation to modern RMB and Yuan's global significance. Discover China's monetary evolution, its impact on domestic and international trade, and …
From the late eighteenth century onward, for-profit merchant enterprises began to print their own scrip to meet the currency needs of local commerce. The most popular form of paper money came from traditional Chinese banks known as qian’pu. These banks were located in major commercial centers.
Chinese Paper Money (Restricted Material) : Eric P. Newman : …
2014年12月31日 · Images and published materials related to the Chinese paper money. Includes photographs from the Museum of Fine Arts in Boston, "Some Chinese Paper Currency from the Yuan and Ming Dynasties" (Folke Bergman, from the Report of the Sino-Swedish Expedition, 1954), and Kann's History of Chinese Paper money (International Banknote Society, undated ...
The Origin and Development of Paper Money | Semantic Scholar
Paper money in China is one of the important contents in the folk custom culture. According to many historical, archaeological excavation and underground objects, sort out a clear paper money source flow context: paper money originated from the ancient people 's worship ideas, and by the Han Dynasty's " Yi-qian" evolved from the Six Dynasties ...
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