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‘On an Even Keel’: Hedging Exchange Rate Risk on the Branch Network Level

Michael Schiltz

in Accounting for the Fall of Silver: Hedging Currency Risk in Long-Distance Trade with Asia, 1870-1913

Published in print:
2020
Published Online:
October 2020
ISBN:
9780198865025
eISBN:
9780191897405
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198865025.003.0004
Subject:
Economics and Finance, Economic History, Macro- and Monetary Economics

Drawing on descriptive evidence from journalistic outlets in nineteenth-century Shanghai, this chapter reconstructs the debate on how fluctuations in the silver price could be accommodated in bill ... More


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