Past Events

Location: Brower Commons A

Abstract: The Qing fiscal system was marked for the absence of public debt. Research on the emergence of domestic government debt in the late nineteenth century often focuses on the new financial institutions that emerged at the end of the nineteenth century. This talk discusses ongoing work that tries to address broader questions related to the absence or emergence of public debt: the structure of the fiscal system, the relationship between the state and social actors, the role of alternative modes of deficit finance, and the "failure" of China's first government bonds.