English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

This study provides an alternative approach to analyze the linkages between the international trade and the domestic metal exchange rate in China during the 19th century. I employ a dataset spanned from 1825 to 1886 to examine the dynamic intra- and inter-relationships between the domestic silver-copper ratios and the international trade in vector error correction methods. I obtain that a long-run relationship between the exports of tea and silk, the imports of opium, and the domestic silver-copper ratios existed in China. The silver-copper ratios Granger causes the imported opium, silver inflow and exported tea from China, but the international trade does not granger cause the silver-copper ratios. The impacts of impulse response function and variance decomposition are analyzed. The results suggest a more strong connection from the international trade and the domestic metal exchange rate than existent explorations.

The Dynamic Impacts between International Trade and Silver-Copper Ratio in China 1825-1886