Huth & Co.'s credit strategies: A global merchant-banker's risk management, c. 1810-1850

Artikel

The pivotal role played by non-banking institutions in supporting the expansion of international trade after the Napoleonic Wars and before first globalization c. 1870 - 1913 has long been recognised. Merchant-bankers in particular played a crucial role by advancing monies to consignors of products all over the world. Without this form of credit, many international trade operations could not have taken place. Despite the important extant literature on merchant-banking, we knew little about how these international lenders protected themselves against the risks involved in advancing during this period, in particular for merchantbankers who had diversified both geographically and by products. This paper is concerned with the risk protection strategies followed by one of these actors: Huth & Co., the first of these companies to globalize their operations. During this expansionary period they provided credit to many of their connections all over the world, thus becoming an important financial intermediary within world trade. This paper, therefore, provides the first account of the credit risk management strategies followed by this pioneer global lender.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Estudios de Economía ; ISSN: 0718-5286 ; Volume: 42 ; Year: 2015 ; Issue: 2 ; Pages: 17-43 ; Santiago de Chile: Universidad de Chile, Departamento de Economía

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic History: Financial Markets and Institutions: Europe: Pre-1913 ; Economic History: Transport, Trade, Energy, Technology, and Other Services: Europe: Pre-1913 ; Micro-Business History: Europe: Pre-1913
• Thema: merchant-banking ; risk management ; nineteenth century ; Great Britain ; globalization

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Llorca-Jaña, Manuel
• Ereignis: Veröffentlichung
• (wer): Universidad de Chile, Departamento de Economía
• (wo): Santiago de Chile
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/146732
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ