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The Theory of International Trade Under Silver Exchange

Choh-Ming Li.

Institute of Economics

Quarterly Journal of Economics 1939

Introduction: the problem, 491; the question of "depreciation, " 493; comparison with inconvertible paper, 494. — The theory of silver exchange, 495. — Theories of silver flow: the problem, 498; the "need for silver" analysis, 500; the balance of payments analysis, 501; the "silver a commodity" analysis, 502; Marshall's analysis, 503. — The "purchasing-power-parity" theory of silver flow, 506. — The mechanism of adjusting international balances under silver exchange, 510. — The theory of gold flow, 514. — Sectional price movements under silver exchange, 516. — Conclusion, 519.

DOI
10.2307/1883275
Volume
53 (4)
Pages
491
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