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Building a Potemkin Village in Occupied China: Japan’s Wartime System of Linked Trade, 1939–43
https://agi.repo.nii.ac.jp/records/2000206
https://agi.repo.nii.ac.jp/records/20002064102dc03-e789-436f-ab01-3df27bf4b577
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
WP2025-10.pdf (443 KB)
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| Item type | ワーキングペーパー/Working Paper(1) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2025-04-28 | |||||||||||||
| タイトル | ||||||||||||||
| タイトル | Building a Potemkin Village in Occupied China: Japan’s Wartime System of Linked Trade, 1939–43 | |||||||||||||
| 言語 | en | |||||||||||||
| 言語 | ||||||||||||||
| 言語 | eng | |||||||||||||
| キーワード | ||||||||||||||
| 言語 | en | |||||||||||||
| 主題Scheme | Other | |||||||||||||
| 主題 | linked trade | |||||||||||||
| キーワード | ||||||||||||||
| 言語 | en | |||||||||||||
| 主題Scheme | Other | |||||||||||||
| 主題 | Japanese-occupied China | |||||||||||||
| キーワード | ||||||||||||||
| 言語 | en | |||||||||||||
| 主題Scheme | Other | |||||||||||||
| 主題 | yen bloc | |||||||||||||
| キーワード | ||||||||||||||
| 言語 | en | |||||||||||||
| 主題Scheme | Other | |||||||||||||
| 主題 | special yen | |||||||||||||
| キーワード | ||||||||||||||
| 言語 | en | |||||||||||||
| 主題Scheme | Other | |||||||||||||
| 主題 | Second Sino Japanese War | |||||||||||||
| 資源タイプ | ||||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_8042 | |||||||||||||
| 資源タイプ | working paper | |||||||||||||
| 著者 |
髙木, 信二
× 髙木, 信二
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| 抄録 | ||||||||||||||
| 内容記述タイプ | Abstract | |||||||||||||
| 内容記述 | The paper discusses the little-known exchange rate system of Japanese-occupied North China during the Second Sino-Japanese War, whereby exporters were given the right to import in the form of a piece of yellow paper, which could be sold in the secondary market. In an environment of rapid inflation where North China’s yuan was pegged to the Japanese yen and devaluation was not politically feasible, the system incentivized exports by allowing the exporters to offset their losses with the profits from selling goods imported, or the right to import goods, at the overvalued exchange rate. Following the start of the Pacific War, the system evolved to become a major scheme of facilitating trade between North and Central China under Japanese occupation. The paper, utilizing archived classified documents, reconstructs analytically how the system operated. Further, our analysis based on monthly average data confirms that the secondary market pricing of yellow paper broadly mimicked the operation of a flexible exchange rate. The system died a natural death when exploding inflation in Central China eliminated the export disincentive in North China. | |||||||||||||
| 言語 | en | |||||||||||||
| bibliographic_information |
巻 2025-10, p. 1-45, 発行日 2025-04 |
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| JEL分類コード | ||||||||||||||
| 言語 | en | |||||||||||||
| 主題Scheme | Other | |||||||||||||
| 主題 | JEL classification: F31, F33, E42, N25 | |||||||||||||
