Some Observations of Folk Lending Interest Rate Based on the Xinwu Ye Family Account BooK During Japanese Colonial Period
| Autor: | Hui-WenTsai, 蔡惠雯 |
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| Rok vydání: | 2011 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 99 The economist Wu Congmin once sighed that at present in Taiwan there is a lack of data about the lending rate among the folks in the Japanese colonial period when he was doing the research in the history of Taiwan interest rate. If the authentic data of folk lending rate can be collected and be compared with the rate of the financial market, it will be helpful to do more researches about the related issues. However, there is no research in the lending rate during the Japanese colonial period done based on the historical data of folk account books presently. In this study, the change tendency of folk lending rate in Xinwu Area from 1901 to 1943 was revealed by analyzing the precious historical data “Xinwu Ye Family Account Book” and through these data, the change tendency in this period was observed. Hopefully, the results of this study can not only give more information about the Taiwan folk lending rate in the Japanese colonial period but also offer the foundation for the future research in the related issues in economic history. According to “Xinwu Ye Family Account Book”, it is found that in the Ye Family the loaning out interest rate from 1899 to 1904 rose in the beginning but then dropped. From 1910 to 1918, the interest rate fluctuated sharply, unceasingly presenting a huge change. From 1925 to 1927, the interest rate dropped. Although the interest rate fluctuated sharply, the interest rate maintained between 10% and 15% on the whole. It could be concluded that the interest rate from 10% to 15% was normal and the interest rate from 15% to 20% was resulted from some other factors. As for the borrowing interest rate, it was between 10% and 15% as well most of the time. Moreover, did the folk lending rate rise gradually for a long time? Due to the limited data from the folk account books and the fragmentary timetable, it was difficult to make a conclusion of the long-term changing tendency of the interest rate. Therefore, the interest rate maintained approximately between 10%-15% either when the Ye family made a loan to others or when the Ye family borrowed money from others. Furthermore, based on the “Xinwu Ye Family Account Book”, it was shown that people often paid the interest by returning cereals in spite of the fact that they borrowed money instead of cereals. It revealed that there might be a relation between the lending interest rate of the Ye family and the price fluctuation of rice. To find out the answer, the price of the rice in Xinwu Area during the Japanese colonial period was observed and compared. The results showed that the interest rate fluctuated with the price of the rice. When the price of the rice rose, the interest rate rose as well and when the rice price dropped, the rate dropped as well. At last, comparing the official interest rate data with the results of this study, it was found that the long-term changing tendency of Taiwan lending interest rate was coherent no matter whether the data were from the folk account books or from the financial papers of Taiwan Bank or from the official investigation into the peasant families. In conclusion, the official data and the “Xinwu Ye Family Account Book” both revealed the consistency of the loan market. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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