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The Evolution of Agricultural Credit during China’s Republican Era, 1912–1949

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  • © 2018

Overview

Authors:
  1. Hong Fu

    1. Shandong University of Finance and Economics, Jinan, China

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  2. Calum G. Turvey

    1. Cornell University, Ithaca, NY, USA

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  • Provides new insights into the economics of agricultural credit in peasant economies
  • Explores the evolution of agricultural credit in China through a historical perspective
  • Features data from primary sources from the Republican era in China
  • Analyzes developments in agricultural credit and rural credit cooperatives

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xxix
    Download chapter PDF

  2. Current Conditions of Rural Credit in China

    • Hong Fu, Calum G. Turvey
    Pages 1-50

  3. China’s Sorrow

    • Hong Fu, Calum G. Turvey
    Pages 51-79

  4. Low-Level Equilibrium and Fractional Poverty Traps

    • Hong Fu, Calum G. Turvey
    Pages 81-122

  5. Traditional Forms of Credit in Rural China

    • Hong Fu, Calum G. Turvey
    Pages 123-160

  6. Emergence of Modern Rural Financial Institutions in the Warlord Era: 1912–28

    • Hong Fu, Calum G. Turvey
    Pages 161-178

  7. Estimating the Demand for Farm Credit in the Republican Era

    • Hong Fu, Calum G. Turvey
    Pages 179-232

  8. The China International Famine Relief Commission

    • Hong Fu, Calum G. Turvey
    Pages 233-255

  9. Rural Reconstruction

    • Hong Fu, Calum G. Turvey
    Pages 257-274

  10. A Blueprint for Credit Under Rural Reconstruction

    • Hong Fu, Calum G. Turvey
    Pages 275-284

  11. Evolution of the Cooperative Financial System: 1927–49

    • Hong Fu, Calum G. Turvey
    Pages 285-301

  12. Chinese Communists, Border Currency, and Agricultural Credit during Wartime

    • Hong Fu, Calum G. Turvey
    Pages 303-325

  13. The Farmers Bank of China

    • Hong Fu, Calum G. Turvey
    Pages 327-347

  14. Nong Ben Ju, the Farm Credit Bureau, and the KMT’s Agrarian Policy

    • Hong Fu, Calum G. Turvey
    Pages 349-368

  15. Successes and Failures of Agricultural Cooperatives and Credit Societies

    • Hong Fu, Calum G. Turvey
    Pages 369-402

  16. Back Matter

    Pages 403-419
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Keywords

About this book

In the modern era, China’s rural credit landscape is transforming at a dizzying rate, but, in terms of financial development, these changes represent a second attempt in the past 100 years to reform China’s credit institutions and provide credit access to farmers. The first period was during the Republican era, between 1912 and 1949, which saw the first attempts at formalizing rural credit with the Industrial and Agricultural Banks. This book uses primary data and papers to present a full picture of the difficult conditions China faced during the Republican era in order to explain the myriad reforms to the country's rural credit system. Fu and Turvey build a narrative around these developments based on the foundation of thousands of years of dynastic rule in order to explore the specific impacts of drought, floods, famine, communist insurgencies, Japanese expansionism, and more on credit access, supply and demand. They consider powerful personalities—such as J.B. Taylor, John Lossing Buck, Paul Hsu and Timothy Richards—and influential institutions—from Nanking and Nankai Universities to the China International Famine Relief Commission—that sought ways to end the cycle that trapped the vast majority of Chinese farmers in poverty. This rich, wide-ranging, and stimulating work will appeal both to readers focused on present day China and those who want to understand China’s rural economy and credit policies in a historical context. 

Authors and Affiliations

  • Shandong University of Finance and Economics, Jinan, China

    Hong Fu

  • Cornell University, Ithaca, NY, USA

    Calum G. Turvey

About the authors

Hong Fu is Associate Professor at Shandong University of Finance and Economics, China. Her research interests include economic history, rural finance and crop insurance. 


Calum G. Turvey holds the W.I. Myers Professorship of Agricultural Finance in the Charles H. Dyson School of Applied Economics and Management, Cornell SC Johnson College of Business and College of Agriculture and Life Sciences, Cornell University, USA. 



Bibliographic Information

  • Book Title: The Evolution of Agricultural Credit during China’s Republican Era, 1912–1949

  • Authors: Hong Fu, Calum G. Turvey

  • DOI: https://doi.org/10.1007/978-3-319-76801-4

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018

  • Hardcover ISBN: 978-3-319-76800-7Published: 11 June 2018

  • Softcover ISBN: 978-3-030-08292-5Published: 08 January 2019

  • eBook ISBN: 978-3-319-76801-4Published: 30 May 2018

  • Edition Number: 1

  • Number of Pages: XXIX, 419

  • Number of Illustrations: 38 b/w illustrations

  • Topics: Financial History, Economic History, Agricultural Economics, Banking

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