Titlebook: Dangerous and Dishonest Men: The International Bankers of Louis XIV‘s France; Guy Rowlands Book 2015 Palgrave Macmillan, a division of Mac

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https://doi.org/10.1007/978-3-642-57132-9s, that he came to fear his bills of exchange would be protested. He was operating in advance of payment by some 33 million . in the summer of 1705, and his correspondents were demanding either more solid guarantees or payment up to three months in advance. This was a structural gap in war-effort-re

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https://doi.org/10.1007/978-3-642-57132-9ere were some men who did rather well out of the war, to borrow an expression. What form did this take? Much of the money made by Samuel Bernard and the other bankers who escaped the wreckage of Lyon was invested in financial instruments, which were vulnerable to fluctuations in value. But the paper

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The French Monarchy and the Foreign Exchange System in the Era of Louis XIV to control the international bankers upon whom the French monarchy came to depend for fuelling its continent-wide war effort during the Spanish Succession conflict. To appreciate why this was so first requires an understanding of the fundamentals and framework of the foreign exchange system in the

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The Price of Foreign Exchange margin was necessary to provide protection against severe risks or as compensation for losses — supposed losses, at any rate. But large profits do seem to have been made. Despite the limited evidence still available, the pages ahead will try to explain why foreign remitting cost the Sun King so muc

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