Unintended consequences of the U.S. silver purchase program for China and Hong Kong
نویسندگان
چکیده
Silver and China.
منابع مشابه
Credit Rationing and Social Stability: Evidence from 1930s China
Can credit affect social stability? To answer this question, we turn to a natural experiment from 1930s China, where credit contracted as a consequence of the 1933 U.S. Silver Purchase program. Building on extensive archival information, we assemble a novel, hand-collected data set of loan contracts to individual firms as well as labor unrest episodes. We show that the Silver Purchase shock res...
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