{"title":"Conclusion","authors":"Michael Schiltz","doi":"10.1093/oso/9780198865025.003.0006","DOIUrl":"https://doi.org/10.1093/oso/9780198865025.003.0006","url":null,"abstract":"Although a conclusion is mostly thought of as a recapitulation of findings in the preceding chapters and as an indication of the legitimation with regards to the way in which these findings build on one another, this is not my intention here. Instead, I am inclined to expatiate on what has been an encompassing interest that preoccupied many of the above findings, yet which I was not able to include because of the difficulty of proof. It concerns the question whether the ‘even keel’―a hedging strategy pertaining to the bank branch network level of analysis―can be believed to have been conducive to strengthening trade ties between the gold standard Western countries and the East, either through...","PeriodicalId":124753,"journal":{"name":"Accounting for the Fall of Silver","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123009986","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Yokohama Specie Bank Flow-of-Funds Analysis","authors":"Michael Schiltz","doi":"10.1093/oso/9780198865025.003.0005","DOIUrl":"https://doi.org/10.1093/oso/9780198865025.003.0005","url":null,"abstract":"The main aim of this chapter is to demonstrate how the implementation of an intra-branch exchange risk hedging strategy can be traced cross-sectionally, that is, by means of snapshots of banking practice at certain points in time. After documenting the Yokohama Specie Bank (YSB)’s early history, it is demonstrated how the bank went through different managerial phases. YSB development in China on a silver basis is explained as a natural consequence of hedging practice, in contrast to the tendency to treat the latter as an anomaly. At all times, the bank could not neglect the realities of the world’s monetary geography. Willingly or not, YSB’s cadre had to take into account the fact that the bank’s center of gravity would, almost inevitably, move towards Shanghai; YSB’s decentralized operating in the many industrial and commercial centers of Manchuria was the consequence of government policy, on the one hand, and the severely limited credit conditions within the regions, on the other.","PeriodicalId":124753,"journal":{"name":"Accounting for the Fall of Silver","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132701774","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}