A Global History of Money.

Cover -- Half Title -- Series -- Title -- Copyright -- Contents -- List of figures -- List of tables -- Acknowledgements -- List of abbreviations -- Introduction -- 1 Peasants use money -- 2 Four quadrants of exchange -- 3 Exchange and institutional setting -- 4 Global history of money viewed from the ground -- 5 Bad money does not drive out good money: literature -- Part 1 Exchanges generate money locally -- 1 Peasants, marketplace and money -- 1 Peasants exchange with peasants anonymously -- 2 Marketplace for one-time transactions -- 3 Natives preferred local currencies -- 4 Ubiquitous fractional currencies and petty exchangers -- 5 Subsequent transactions not through marketplace: another configuration between peasants and merchants -- 6 Honour substitutes for currency -- 7 Freedom or certainty: two paths (not stages) of local commercialization -- 2 Stagnant currencies and stratified markets -- 1 Exogenous currencies naturally stagnate -- 2 Unidirectional streams of small currencies -- 3 Stratified markets in agricultural societies -- 4 Informal agreements generate endogenous currencies -- 5 How merchants conducted business in stratified markets -- 6 Locally differentiated currencies and dematerialized money -- Part 2 A global history of monetary delocalization -- 3 The ignition of monetary delocalization: an unexpected remnant of the Mongolian regime, c.1300 -- 1 Independent monetary systems in pre-13th century civilizations -- 2 The Eurasian silver century: emergence and collapse -- 3 The Mongolian taxation system depended on commerce -- 4 Paper monies drove out Chinese silver ingots to the west -- 5 Commensurability prevailed across Eurasia -- 6 Copper coins driven East and South -- 7 The Eurasian age of commerce: synchrony built on stratified markets -- 8 Sprouting of credit-oriented systems in Europe: an aftermath.

9 Currency circuits with 'Old' coins flourished across the China Sea: another aftermath -- 10 Linkage to the second silver century -- 4 The world diversified and stratified: three paths after the global silver march, c.1600 -- 1 A breakthrough with large silver coins -- 2 A silver century followed by a copper century: prosperity in a currency-oriented economy -- 3 States organize debts nationwide: formation of a credit-oriented economy -- 4 Local paper monies reveal differences among institutions: a comparison between England, China and Japan -- 5 Currencies, marketplaces and early industrialization: what happened to cement currency circuits? -- 6 The third path: commercial oligarchies -- 5 Nationalized money: backstage of the international gold standard regime, c.1900 -- 1 The age of international silver dollars: an alternative to the territorial currency system -- 2 The riddle of the Maria Theresa dollar -- 3 The reality of the Maria Theresa dollar's circulation -- 4 Currencies working as complementary buffers: currency circuits survived -- 5 Paper monies nationalized peasant economies -- 6 How did banknotes reach down to the ground? The case of inter-war China -- 7 Seasonality and temporality in monetary demand still mattered: towards 1929 -- 8 The paper money standard in China in 1935: unification at the top and variety on the ground -- Conclusion: money as social circuit -- 1 A global history of monetary delocalization -- 2 Modern 'common sense' uncommon in history -- 3 The misuse of the concept of arbitrage: no equilibrium amidst streams -- 4 Escaping the teleology of monetary history -- 5 Alternative ideas about money by contemporaries -- 6 Institutions for flexibility as well as for certainty -- Appendix -- Index.

Looking at the eleventh century to the twentieth century, Kuroda explores how money was used and how currencies evolved in transactions within local communities and in broader trade networks. The discussion covers Asia, Europe and Africa, and highlights an impressive global interconnectedness in the pre-modern era as well as the modern age.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.