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Chinese Coin and Changes in Monetary Preferences in Maritime East Asia in the Fifteenth-Seventeenth Centuries

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image of Journal of the Economic and Social History of the Orient

In the twelfth-thirteenth centuries massive quantities of bronze coin issued by the Song dynasty in China were exported and became the de facto monetary standard throughout maritime East Asia. However, the cessation of minting by the Ming dynasty in the 1430s provoked a monetary crisis. Private coinage proliferated both in China and abroad, creating a profusion of heterogeneous transactional currencies and numerous regional monetary circuits. This paper examines monetary circulation in maritime East Asia—encompassing China, Japan, Ryūkyū, Vietnam, and Java—during the fifteenth-seventeenth centuries in order to re-assess the impact of Chinese coin in fostering monetary integration (and disintegration).

Affiliations: 1: University of CaliforniaLos Angelesvonglahn@history.ucla.edu

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2014-11-06
2018-07-23

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