We examine the equilibrium and adjustment of exchange rates in the Chinese silver standard economy, 1928–1935. We find … governmental measures to limit free silver flows can disrupt this equilibrium relationship. …

We show how the silver standard transmitted world silver price fluctuations into China and made the Chinese price level … closely linked to the world silver price. Inflation was transmitted between 1929 and 1931 when the world silver price was … falling; while deflation was transmitted during 1932 and 1934 when the world silver price was rising. Using micro …

This paper focuses on the use of silver as a monetary standard in Mexico during approximately the last three decades of … market for silver that affected those countries attached to this metal. These events caused some of these countries to … abandon silver for good and adopt other types of monetary arrangements. Mexico and a few others chose to stay with it. The …