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"Der Wechsel - Erleichterung des Geldverkehrs": Der Versuch der Einführung einer Wechselordnung in den Herzogtümern Schleswig und Holstein 1842

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  • Wulf, Peter

Abstract

The bill of exchange has a long history as a general instrument for monetary transactions. The main financial centers made wide use of this tool. The prerequisites were a functioning banking system as an intermediary, as well as a legal framework for bill of exchange transactions. Although neither of these existed in Schleswig-Holstein until the mid-19th century, economic development in Germany at the time called for the introduction of such a legal set up. This paper highlights the obstacles that had to be overcome in this respect in what is a predominantly agricultural region.

Suggested Citation

  • Wulf, Peter, 2019. ""Der Wechsel - Erleichterung des Geldverkehrs": Der Versuch der Einführung einer Wechselordnung in den Herzogtümern Schleswig und Holstein 1842," IBF Paper Series 05-19, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    • Handle: RePEc:zbw:ibfpps:0519
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    JEL classification:

    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913

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