Brill’s Encyclopedia of China

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Monetary System
(3,023 words)

The monetary system of an economy is the institutional framework for the provision of a commonly accepted means of payment and value retention, and can thus be separated into an accounting system and a value-safeguarding system. The utilization of money takes place within an original monetary community which is fixed to this system either through enacted law or as a result of…

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Herrmann-Pillath, Carsten, “Monetary System”, in: Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese. Consulted online on 07 December 2023 <>
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018

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