从“大明宝钞”的行用与崩溃看政府与市场的博弈

The Game Between Government and Market from the Use and Collapse of Banknote——“Daming Baochao”

大明宝钞从诞生到最终退出市场,始终伴随着与铜钱、白银在市场上的竞争。政府通过颁布"禁银令""取消铜钱流通"等法令来保障宝钞的合法地位,但民间市场上却禁而不止,民众更愿意接受金属货币。究其原因,与宝钞滥发、无准备金、无畅通的回收通道致使币值难以维持有很大关系。同时,民间普遍喜欢使用金属货币的习俗也促使宝钞在市场竞争中始终处于劣势。因此,宝钞与铜钱、白银之争,其背后隐含的是政府与市场的博弈问题。

The banknote,Daming Baochao,has always competed with copper and silver in the market from its birth to its final exit from the market. The government has passed laws and regulations such as the“Silver ban”and“Cancellation of Copper Money”to protect the legal status of the banknotes. However,the private market is banned and people are more willing to accept the metal currency. The reason for this is that there is a lot to do with the currency value of South Korea’s currency because of spamming,unprepared funds,and unrestricted recycling channels. However,the custom of using the metal currency as a common practice among people encourages the banknotes to always be at a disadvantage in the market competition. Therefore,the dispute between the banknotes and the copper and silver,in fact,implies the game between the government and the market.