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The Theory of International Trade under Silver Exchange

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  • Choh-Ming Li

Abstract

Introduction: the problem, 491; the question of "depreciation," 493; comparison with inconvertible paper, 494. — The theory of silver exchange, 495. — Theories of silver flow: the problem, 498; the "need for silver" analysis, 500; the balance of payments analysis, 501; the "silver a commodity" analysis, 502; Marshall's analysis, 503. — The "purchasing-power-parity" theory of silver flow, 506. — The mechanism of adjusting international balances under silver exchange, 510. — The theory of gold flow, 514. — Sectional price movements under silver exchange, 516. — Conclusion, 519.

Suggested Citation

  • Choh-Ming Li, 1939. "The Theory of International Trade under Silver Exchange," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 53(4), pages 491-521.
    • Handle: RePEc:oup:qjecon:v:53:y:1939:i:4:p:491-521.
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    File URL: http://hdl.handle.net/10.2307/1883275
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    Cited by:

    1. Burdekin, Richard C.K., 2008. "US pressure on China: Silver flows, deflation, and the 1934 Shanghai credit crunch," China Economic Review, Elsevier, vol. 19(2), pages 170-182, June.

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