Research Catalog

Title

Money and government : a study of China and Japan from a historical perspective / Qing-yuan Sui.

Author

Sui, Qing-yuan

Publication

Singapore : Springer, [2022]

Items in the Library & Off-site

Holdings

Details

Description

xiii, 87 pages : illustrations (some color); 24 cm.

Summary

This is the first book to focus comparatively on the development processes of finance in China and Japan during the prewar period. The key issue is how to evaluate the role of government in the establishing of modern financial system. Both China and Japan started from a similar pre-modern situation in the middle of 19th century in that the monetary conditions were primitive and complicated, the traditional financial institutions were money-exchange-based, and above all, both countries had faced serious challenging pressure from the Western powers. International or domestic military affairs largely affected the development processes in both countries. While Japan succeeded in establishing its modern financial system that consistently supported its economic growth, China failed to modernize its money and banking system effectively at least until the end of World War II and the government had to change hands to the socialists, which further delayed the financial development. The experience of Japan suggests that the establishment of modern financial system may not simply be as a result of "spontaneous order", a concept used by Hayek, at least for the case of a catching-up country. The evolution process of money and banking in China shows that the role of government, especially its enforcement ability of and compliance to the rule of law may be more important than the "legal origins".

Series Statement

SpringerBriefs in economics

Uniform Title

SpringerBriefs in economics.

Subject

• 1800-1999
• Financial services industry > China > History > 19th century
• Financial services industry > China > History > 20th century
• Financial services industry > Japan > History > 19th century
• Financial services industry > Japan > History > 20th century
• Monetary policy > China > History > 19th century
• Monetary policy > China > History > 20th century
• Monetary policy > Japan > History > 19th century
• Monetary policy > Japan > History > 20th century
• Services financiers > Chine > Histoire > 20e siècle
• Politique monétaire > Chine > Histoire > 19e siècle
• Politique monétaire > Chine > Histoire > 20e siècle
• Politique monétaire > Japon > Histoire > 19e siècle
• Politique monétaire > Japon > Histoire > 20e siècle
• Services financiers > Chine > Histoire > 19e siècle
• Services financiers > Japon > Histoire > 19e siècle
• Services financiers > Japon > Histoire > 20e siècle
• Financial services industry
• Monetary policy
• China
• Japan

Genre/Form

History.

Bibliography (note)

• Includes bibliographical references and index.

Contents

Chapter 1. A Preliminary Introduction -- Chapter 2. Puzzles of the Monetary Regime in Premodern China -- Chapter 3. The Divergence between China and Japan -- Chapter 4. The Worst Currency or The Best Arrangement? -- Chapter 5. An Epilogue -- Index.

ISBN

• 9789811688737
• 9811688737

LCCN

99990778507

OCLC

• on1286145074
• 1286145074

Owning Institutions

Columbia University Libraries