Accounting for the Fall of Silver

Discover the intriguing insights of Michael Schiltz in Accounting for the Fall of Silver, published by Oxford University Press in 2020. This compelling hardback edition spans 216 pages and delves into the complex world of nineteenth-century banking. Schiltz expertly analyzes the innovative strategies employed to counteract the depreciation of silver, revealing that methods for hedging exchange rate risk were developed much earlier than previously believed. Furthermore, he explores the intricate relationships between Great Britain and its Asian colonies, alongside the emergence of Japan as a formidable financial power. This book is a must-read for anyone interested in economic history and the dynamics of international finance. Enhance your understanding of these pivotal historical events with Schiltz's thorough research and engaging narrative.