Ya-Yu Huang Academia Sinica, Institute of Economics   Academia Rd., Sec. 2, No.128, Nankang District, Taipei City 115, Taiwan Taipei City, 115 Taiwan(ROC)   speng-1@econ.sinica.edu.tw   www.econ.sinica.edu.tw           JEL Areas: N2 : Economic History: Financial Markets and Institutions: General, International, or Comparative N4 : Economic History: Government, War, Law, and Regulation: General, International, or Comparative