[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
IDEAS home Printed from https://ideas.repec.org/a/cup/jechis/v82y2022i2p442-479_4.html
   My bibliography  Save this article

Asia’s Silver Absorption through the Triangular Settlement System, 1846–1870

Author

Listed:
  • Kobayashi, Atsushi
Abstract
This study reveals the operation of the triangular settlement system for Asia’s silver absorption over the 1850s–60s, which contributed to the stabilization of the pre-1870 global monetary system. First, we demonstrate that the triangular settlement system among Britain, India, and China was established based on exchange operations. Second, we validate the bullion point method for Asia’s settlement analysis and devise the triangular silver point mechanism. Third, through reconstructing silver points and comparing the arbitrage profits with the silver trade, we found that silver was imported into Asia from Britain through both the bilateral and triangular settlement systems.

Suggested Citation

  • Kobayashi, Atsushi, 2022. "Asia’s Silver Absorption through the Triangular Settlement System, 1846–1870," The Journal of Economic History, Cambridge University Press, vol. 82(2), pages 442-479, June.
    • Handle: RePEc:cup:jechis:v:82:y:2022:i:2:p:442-479_4
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022050722000092/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:82:y:2022:i:2:p:442-479_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jeh .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.