From Chengdu to Stockholm: A Comparative Study of the Emergence of Paper Money in East and West
Niv Horesh
It is widely recognised that monetary paper instruments appeared in China earlier than the West, itself having been invented there during Han era. However, have to date few direct scholarly attempts place early-modern Western and pre-modern Chinese formative experiences with money detailed comparison by way of attaining a better understanding evolution as whole. This article aims make tentative first step toward bridging this gap. will survey particular extent which inception 11th-century Chengdu differed from circumstances European emerged. Whilst some similarity between 17th-century Stockholm might arguably be traced back insofar emergence concerned, British banknote issuance subsequently took on new important functions. These, turn, ushered our modern "national-debt" economy.
Provincial China