O'Reilly logo

Handbook of Key Global Financial Markets, Institutions, and Infrastructure by Gerard Caprio

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 6

Chinese Money and Monetary System, 1800–2000, Overview

D. Ma

London School of Economics, London, UK

Outline

In 1889, a Westerner made the following comment on the Chinese currency system:

… Its (the Chinese currency’s) chaotic eccentricities would drive any occidental nation to madness in a single generation, or more probably such gigantic evils would speedily work their own cure. In speaking of the disregard of accuracy we have mentioned a few of the more prominent annoyances. One hundred cash are not 100, and 1000 cash are not 1000, but some other and totally uncertain number, to be ascertained only by experience. In wide regions of the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required