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The Divergence Between China and Japan

In: Money and Government

Author

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  • Qing-yuan Sui

    (Yokohama City University)

Abstract

In this chapter, I perform a qualitative and quantitative comparison of the monetary regime between China and Japan. Then, I ask and try to answer why the modernization of money succeeded in a relatively short period in Japan but not in China. The differences in motivations to reform monetary standard and state capacities to enforce the laws are crucial to explain the time gap of the emergence of monetary uniform between these two countries. The concept of spontaneous orderSpontaneous order is not helpful in explain this difference and is not appropriate for a catching-up country.

Suggested Citation

  • Qing-yuan Sui, 2022. "The Divergence Between China and Japan," SpringerBriefs in Economics, in: Money and Government, chapter 0, pages 29-67, Springer.
    • Handle: RePEc:spr:spbchp:978-981-16-8874-4_3
    DOI: 10.1007/978-981-16-8874-4_3
    as

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