THE PHILIPPINE CURRENCY SYSTEM DURING THE AMERICAN COLONIAL PERIOD: TRANSFORMATION FROM THE GOLD EXCHANGE STANDARD TO THE DOLLAR EXCHANGE STANDARD*

@article{Nagano2010THEPC,
  title={THE PHILIPPINE CURRENCY SYSTEM DURING THE AMERICAN COLONIAL PERIOD: TRANSFORMATION FROM THE GOLD EXCHANGE STANDARD TO THE DOLLAR EXCHANGE STANDARD*},
  author={Yoshiko Nagano},
  journal={International Journal of Asian Studies},
  year={2010},
  volume={7},
  pages={29 - 50}
}
  • Y. Nagano
  • Published 1 January 2010
  • Economics, History
  • International Journal of Asian Studies
This article describes the transformation of the Philippine currency system from a gold exchange standard to a dollar exchange standard during the first half of the twentieth century. During the American colonial period, Philippine foreign trade was closely bound to the United States. In terms of domestic investment, however, it was domestic Filipino or Spanish entrepreneurs and landowners who dominated primary commodity production in the Philippines, rather than American investors. How were… 

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