银本位制

论近代中国银本位制下的汇率变动

On the Exchange Rate Fluctuations under the Modern Chinese Silver Standard

中国在30年代初实行的是“银本位制”。

In the early 1930s China was on a silver standard .

中国于1935年放弃银本位制。

China went off silver in 1935 .

银本位制是国际金融史上最早、最纯粹的浮动汇率制。

Silver standard is the earliest and sheer floating exchange rate system in the international finance history .

贸易的发展活跃了城乡经济，促进了商品经济的发展；贸易顺差大量的白银内流使中国银本位制的确立成为可能；

The development of trade activated the rural-town economy and pushed merchandise economy , so a lot of silver from the favorable balance made it possible to use silver as circular money .

他们将中国与广阔的海外市场相连，大量的白银以惊人的速度流入中国，银本位制确立，国内工商业发展迅速，刺激了资本主义萌芽的出现。

They linked China and the vast overseas market , and a large number of silver flowed into China at an prodigious rate , silver-based system established , the domestic commodity economy had developed rapidly , and stimulated the emergence of capitalist sprout .