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Cover -- Accounting For The Fall Of Silver: Hedging Currency Risk In Long-distance Trade With Asia, 1870-1913 -- Copyright -- Dedication -- Preface And Acknowledgements -- Contents -- Nomenclature, Conventions, And Currency -- 1. A Note On Sources And Conventions -- 2. Currencies -- 3. The Chinese Monetary System -- List Of Figures And Tables -- Epigraph -- Chapter 1: Introduction: Liquidity, Hard And Soft Currencies, And Trade Finance -- 1. Introduction -- 2. Center And Periphery In The Literature -- 3. The Geography Of The International Monetary System, 1890-1910 4. The Peripheral Predicament -- 5. The Bell Jar Revisited -- 6. The 'international Banks' -- 7. Why This Book? -- 8. Structure Of This Book -- Appendix 1 -- Appendix 2 -- Chapter 2: Silver Risk, Silver Exports, And Sovereign Debt In The Nineteenth Century: A Brief Reappraisal -- 1. Introduction -- 2. The Long Bimetallist Swan Song: An East-west Connect -- 3. Gold, Silver, And The Periphery -- 4. 'where Ought India To Borrow?' -- 5. Chinese Borrowing In The 1890s -- Chapter 3: Trade Finance In The Late Nineteenth Century: Accounting For Silver Risk -- 1. Introduction 2. The Early Days: London As The Pivot Of All International Trade Finance -- 3. 1876 And Beyond -- 4. The Rise Of 'interest Bills' ('advance Bills') -- 5. Interest Bills And The Debate On 'real Bills' Vs. 'finance Bills': A Nineteenth-century Carry Trade -- Chapter 4: 'on An Even Keel': Hedging Exchange Rate Risk On The Branch Network Level -- 1. Introduction -- 2. From The Fall Of The Oriental Bank To Hongkong And Shanghai Banking Corporation Losses -- 3. Hedging Exchange Risk: From Unit Of Account To The 'even Keel' -- 4. Specie Points, Exchange Rates, The Even Keel, And Managerial Success 2. Ysb Semestrial Reports -- 3. Interpretative Hurdles -- 4. The Flow-of-funds Among Branches: Construction Of The Dataset -- 5. A Methodological Issue: Amounts Of Bills Sent Or Amounts Of Funds Being Transferred? -- 6. Fund-matching And Exchange Position