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International Trade between Gold and Silver Countries: China, 1885–1913

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  • C. F. Remer

Abstract

I. Statement of theory, 509. — The propositions to be subjected to verification in the Chinese case, 601. — II. The gold price of silver, 605. — The periods 1891–94 and 1903–06, 608. — III. Export and import prices, 609. — IV. The merchandise trade and trade balances, 619. — V. Silver movements, 626. — Gold movements, 629. — VI. Recapitulation and conclusion, 631. — Verification of theory during the periods 1891–94 and 1903–06, 632. — The general course of prices and silver movements in accordance with expectation, 632. — The failure of verification in the general course of the trade, 633. — The explanation of the failure, 633. — A final comment on the theory, 640.

Suggested Citation

  • C. F. Remer, 1926. "International Trade between Gold and Silver Countries: China, 1885–1913," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 40(4), pages 597-643.
    • Handle: RePEc:oup:qjecon:v:40:y:1926:i:4:p:597-643.
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    File URL: http://hdl.handle.net/10.2307/1884457
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    Cited by:

    1. Bordo, Michael D. & Meissner, Christopher M. & Weidenmier, Marc D., 2009. "Identifying the effects of an exchange rate depreciation on country risk: Evidence from a natural experiment," Journal of International Money and Finance, Elsevier, vol. 28(6), pages 1022-1044, October.
    2. El-Shagi, Makram & Zhang, Lin, 2016. "Macroeconomic trade effects of vehicle currencies: Evidence from 19th century China," IWH Discussion Papers 23/2016, Halle Institute for Economic Research (IWH).
    3. El-Shagi, Makram & Zhang, Lin, 2020. "Trade effects of silver price fluctuations in 19th-century China: A macro approach," China Economic Review, Elsevier, vol. 63(C).
    4. Ho, Tai-kuang & Lai, Cheng-chung, 2013. "Silver fetters? The rise and fall of the Chinese price level 1928–34," Explorations in Economic History, Elsevier, vol. 50(3), pages 446-462.

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