Xueyi, Zheng; Yaguang, Zhang; Whalley, John - In: China Economic Review 26 (2013) C, pp. 89-104
In this paper, we discuss monetary thought in ancient China from the perspective of Western monetary theory. We set out … the structure of economic activity in the various dynasties of ancient China and emphasize the differences in monetary … segmentation of economic activities and hence with regional money. Monetary policy was conducted at the regional level but overseen …