Decline of Inland Bills of Exchange in the London Money Market, 1855-1913

Decline of Inland Bills of Exchange in the London Money Market, 1855-1913

by Shizuya Nishimura

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Overview

Decline of Inland Bills of Exchange in the London Money Market, 1855-1913 by Shizuya Nishimura

This 1971 book reviews and criticises the widely accepted hypothesis that the decline of the inland bill of exchange in Britain in the nineteenth century was largely due to the process of bank amalgamation, which linked bank branches in areas of excess demand for money with branches having surplus funds. Dr Nishimura argues that the introduction of the telegraph and steamship in the last quarter of the nineteenth century, by making both supply and demand more certain, relieved the merchant of the necessity to hold large stocks of goods in anticipation of orders. This book will be useful for other researchers in this field.

Product Details

ISBN-13: 9780521080552
Publisher: Cambridge University Press
Publication date: 07/02/1971
Pages: 142

Table of Contents

List of tables and figures; Preface; Notes; Introduction; 1. Bank offices in England and Wales, 1855-1913; 2. Estimated amounts of bills drawn, 1855-1913; 3. Average usance of bills; 4. Re-discounts of bills by local banks; 5. Bank overdrafts and cash payment; 6. Some consequences of the decline of inland bills; Conclusions; Tables; Figures; Bibliography; Index.

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