Capital Markets in China and Britain, 1770–1860: Evidence from Grain Prices
Sign Up to like & getrecommendations! Published in 2021 at "American Economic Journal: Applied Economics"
DOI: 10.1257/app.20180299
Abstract: Based on comprehensive grain price data, we employ a storage model to estimate consistent interest rates and compare capital market development between Britain and China. Interest rates for Britain were lower than China’s on average… read more here.
Keywords: 1770 1860; capital market; capital; britain ... See more keywords