The Thought to Develop Modern Financial

Jianbo Zhou ()
Additional contact information
Jianbo Zhou: Peking University

Chapter Chapter 15 in Westernization Movement and Early Thought of Modernization in China, 2022, pp 281-292 from Palgrave Macmillan

Abstract: Abstract One major feature of the modern industrial society is a large amount of commodity trading and high-speed currency circulation, which required a systematic reform of a monetary system that has existed since the Middle Ages. In the context of machine production replacing manual production, China’s traditional monetary system is no longer suitable for developing the modern economy. The new thought of coin standards, the issue of paper money, and the establishment of banks came out of advanced officials and ideologists of Westernization. The good news is, since Chinese industrialization started lately, we can use the successful cases of monetary system reform in western countries for reference to avoid reform mistakes.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-030-86985-4_15

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030869854

DOI: 10.1007/978-3-030-86985-4_15

Access Statistics for this chapter

More chapters in Palgrave Studies in Economic History from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().