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- W2352157871 abstract "After the outbreak of the Anti-Japanese War,the government was faced with serious financial difficulties,the fiscal revenue had dropped sharply while expenditures increased.As the Finance Minister,H.H.Kung faced great pressure.He drew on the experiences abroad and thought that an increase in revenue had no more than three sources: straightening out revenue,collecting debt both at home and abroad and increasing notes issuance.Of those three ways,he attached great importance to the first two,and thought issuing notes could easily trigger inflation and financial disorder.Therefore,he adopted the increase of tax and the debt collection to increase revenue early in the war.Although these measures had achieved a certain degree of success,but still fell far short of revenue expectations.The budget deficit remained high.In the absence of other effective measures,H.H.Kung had taken a very reluctant approach:increasing notes issuance in the late the war." @default.
- W2352157871 created "2016-06-24" @default.
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- W2352157871 date "2008-01-01" @default.
- W2352157871 modified "2023-09-23" @default.
- W2352157871 title "Unpalatable Choice: H.H.Kung and the Policy of Increasing Notes Issuance during Anti-Japanese War" @default.
- W2352157871 hasPublicationYear "2008" @default.
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