Research on the Internal Debt Issues of the Nanjing Nationalist Government: 1927-1937: With a Focus on Internal Debt Policy and Operational Performance

Author: Jiang Liangqin
Publisher:
Publish Date: 2003-09-01
Features: This book reveals the laws of the emergence and development of domestic debt in modern China, discusses the domestic debt policies of the Nanjing National Government from 1927 to 1937, and divides them into two distinct phases. During the tenure of Soong Tse-wen as Minister of Finance, a moderate domestic debt policy was implemented, while after Kong Xiangxi took over, more coercive measures were adopted. The book also analyzes the operational mechanisms of the domestic debt issuance and circulation markets of the Nanjing National Government, market management, and their characteristics from an academic perspective. Rich in historical facts, the book provides insightful explorations into the interactive relationship between domestic debt and banks during the Nanjing National Government period, the social and economic benefits of debt, and the successes and failures of domestic debt policy implementation.