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rate parity and the quantity theory were all present. The economics of Imperial China witnessed boom and bust, inflation …"We discuss monetary thought in ancient China from the perspective of Western monetary theory. It sets out the … structure of economic activity in the various dynasties of ancient China and emphasizes the differences in monetary structure …
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Summary In this paper, we provide some reflections on the development of monetary theory and monetary policy over the last 150 years. Rather than presenting an encompassing overview, which would be overambitious, we simply concentrate on a few selected aspects that we view as milestones in the...
Persistent link: https://www.econbiz.de/10014609451
In this paper, we provide some reflections on the development of monetary theory and monetary policy over the last 150 years. Rather than presenting an encompassing overview, which would be overambitious, we simply concentrate on a few selected aspects that we view as milestones in the...
Persistent link: https://www.econbiz.de/10010907920
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human capital to China's economic growth. The results indicate that human capital plays a much more important role in China … enrollment in China increased nearly fivefold between 1997 and 2007) while growth rates of GDP are little changed over the period … that there have been decreased in the efficiency of inputs usage in China or worsened misallocation of physical and human …
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