2021 Fiscal Year Research-status Report
An Analysis of the 'flow-of-funds' within the Yokohama Specie Bank, 1910-1940
| Project/Area Number |
19K01773
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| Research Institution | Hokkaido University |
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Principal Investigator |
Schiltz Michael 北海道大学, メディア・コミュニケーション研究院, 准教授 (50624582)
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| Project Period (FY) |
2019-04-01 – 2024-03-31
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| Keywords | hedging technologies / banking history / financial history / foreign exchange / social network analysis / exchange banks |
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| Outline of Annual Research Achievements |
The reception of the project's results has been more forthcoming than expected. Oxford University press decided to publish my book in its economic history series (published in December 2020). Professor William Goetzmann (Yale University), endorsed the book as "a serious work of scholarship about an important episode in global monetary history. An impressively researched book about the mechanisms and risks of payment systems in the golden age of globalization."
Within Japan, I have profited from extensive contacts with several researchers. Kobayashi Atsushi (Kyoto University), in particular, plans to build on my research findings to develop a larger research project studying all 'exchange banks' in the nineteenth and early twentieth century. As a preliminary step towards such project, we acquired the full collection of balance sheets of the Chartered Mercantile Bank and the Mercantile Bank of India, London, and China. These amount to several thousand pages of primary data, most of which have not been used before). We are currently in the phase of understanding the information/data contained in the ledgers. Internationally, the Financial History Review agreed to the publication of a special issue on Asian banking history, edited by prof. Okazaki Tetsuji (University of Tokyo), Ghassan Moazzin (Hong Kong University), and myself.
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| Current Status of Research Progress |
Current Status of Research Progress
1: Research has progressed more than it was originally planned.
Reason
-early publication of research results through one of the most important university presses in the world (Oxford University Press)
-notwithstanding the impossibility of doing archival research in London because of COVID-19, I was capable of receiving the complete balance sheets of two major exchange banks from the nineteenth century.
-recently, my publications were picked up on social media, which resulted in a few invitations for lectures at leading universities (e.g. The New School, NY)
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| Strategy for Future Research Activity |
-a thorough review of *narrative* evidence within Yokohama Specie Bank primary materials for the period 1913-1931.
-a thorough review of *quantitative* evidence within Yokohama Specie Bank primary materials for the period 1913-1931.
-further construction of a sustainable online library of non-disclosed archival sources through FigShare
(https://figshare.com/authors/Michael_Schiltz/409900)
-preliminary analysis of the balance sheets of the Chartered Mercantile Bank and the Mercantile Bank of India, London, and China.
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| Causes of Carryover |
Because of Covid-19, it was not possible to use research funds for archival research abroad.
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