摘要
本文根据交易方程式计算了中国1887~1936年M1的货币收入流通速度,并对这一时期的货币流通速度影响因素进行了实证分析,得出的结论是影响这一时期货币流通速度变化的原因主要是商品化程度的提高和由于国内外白银比价变动导致的白银流入与流出。
This paper attempts to calculate Modern China’s Money Circulation Velocity（M1） during 1887-1936 according to the equation of exchange and conducts an empirical analysis of the relevant factors.It comes to the conclusion that money circulation velocity during this period was mainly affected by the increasing commercialization and the silver inflow and out-flow generated by the fluctuating exchange rate of silver at home and abroad.
出处
《广东外语外贸大学学报》
2011年第2期23-26,共4页
Journal of Guangdong University of Foreign Studies
基金
国家社科基金项目<1887~1936年中国GDP的估算与经济增长因素研究>(09BJL006)的中期成果
关键词
中国近代
货币流通速度
货币化
白银流动
modern China
money circulation velocity
monetization
silver flow
