Chinese Money in Global Context: Historic Junctures Between 600 BCE and 2012 offers a groundbreaking interpretation of the Chinese monetary system, charting its evolution by examining key moments in history and placing them in international perspective.
Expertly navigating primary sources in multiple languages and across three millennia, Niv Horesh explores the trajectory of Chinese currency from the birth of coinage to the current global financial crisis. His narrative highlights the way that Chinese money developed in relation to the currencies of other countries, paying special attention to the origins of paper money; the relationship between the West's ascendancy and its mineral riches; the linkages between pre-modern finance and political economy; and looking ahead to the possible globalization of the RMB, the currency of the People's Republic of China. This analysis casts new light on the legacy of China's financial system both retrospectively and at present—when China's global influence looms large.
About the author
Niv Horesh is Associate Professor of Chinese Studies at the University of Western Sydney and Senior Fellow at the University of Nottingham's China Policy Institute. He is the author of Shanghai's Bund and Beyond: British Banks, Banknote Issuance, and Monetary Policy in China, 1842-1937.
"This is an ambitious study of an important topic by an economic historian well-versed in his specialty . . . [T]he persevering reader will benefit from the author's novel and painstaking comparative research . . . Recommended."
—R.P. Gardella, CHOICE
"Niv Horesh is not afraid to challenge existing scholarship by questioning, correcting, and clarifying many previously accepted assumptions. His deep analysis of the issues in this book breaks new ground by considering them through the prism of both political economy and economic history. Chinese Money in Global Context will undoubtedly enrich our understanding of Chinese and the world's monetary history."
—Linsun Cheng, University of Massachusetts Dartmouth
"The study of world monetary history has been excessively Eurocentric, and studies of Chinese money have often proven to be insular. Niv Horesh helpfully reaches across this divide with the excellent historical work in this volume."
—Eric Helleiner, University of Waterloo