Silver Points, Silver Flows, and the Measure of Chinese Financial Integration
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To what degree were Chinese financial markets integrated with the rest of the world prior to the 1949 Revolution and to what extent was the Chinese foreign exchange market efficient during this period? We estimate silver points for the Shanghai market from 1905 to 1933 to answer these questions. Our
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美国国家经济研究局创建时间：
2016-10-01
