Close
Picture of Shanghai's Bund and Beyond

Shanghai's Bund and Beyond

British Banks, Banknote Issuance, and Monetary Policy in China, 1842-1937
by Niv Horesh
Yale Univ Pr

List price $48.00
Your net price $3.99
:

Pub Date: 2009
Format: Hardback with bw illus.
Pages: 256 pp.
Size: 6.25 x 9.50 inches

ISBN: 9780300143560
TB Code: 2004606
Availability: 12 in stock

As China emerges as a global powerhouse, this timely book examines its economic past and the shaping of its financial institutions. The first comparative study of foreign banking in prewar China, the book surveys the impact of British overseas bank notes on China's economy before the outbreak of the Sino-Japanese War in 1937. Focusing on the two leading British banks in the region, it assesses the favorable and unfavorable effects of the British presence in China, with particular emphasis on Shanghai, and traces instructive links between the changing political climate and banknote circulation volumes.

Drawing on recently declassified archival materials, Niv Horesh revises previous assumptions about China's prewar economy, including the extent of foreign banknote circulation and the economic significance of the May Thirtieth Movement of 1925.