Accounting for the Fall of Silver
Hedging Currency Risk in Long-Distance Trade with Asia, 1870-1913
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- USD 104.99
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- USD 104.99
Descripción editorial
Michael Schiltz analyses the efforts by nineteenth century banking to mitigate the effects of the depreciation of silver. He shows that strategies for hedging exchange rate risk were created earlier than traditionally thought, and explores the relationship between Great-Britain and its colonies in Asia, and the rise of Japan as a financial power.