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Wulf, Peter
Year of Publication: 
Series/Report no.: 
IBF Paper Series No. 05-19
Abstract (Translated): 
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.
Document Type: 
Working Paper

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