The Price of Silver and Chinese Purchasing Power

T. J. Kreps

The Quarterly Journal of Economics, 1934, vol. 48, issue 2, 245-287

Abstract: I. The "purchasing power" argument of the silver interests, and its political importance, 245. — II. China not on the silver standard: the paper currencies, 249; variety of silver coins and weights, 250; copper coins, 251. — Money changing, 252. — Independent price levels, 254. — III. Hoarding of silver: in coin, 255; in ornaments, 256. — The price of silver: demand, 257; supply, 259. — Influence of conditions in China: warfare, 260; modernization, 264. — IV. Effects upon prices: in the interior, 267; in Shanghai, 268. — V. Chinese opinion primarily concerned with problem of uniformity rather than stability, 273. — Interpretation of the evidence, 277. — Conclusion, 280.

Date: 1934
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