The second book of Spice and Wolf is also the second half of the first season/cour of the original anime adaptation (I haven’t seen the recent one yet), and again that follows this pretty closely.

The central plot once again centers around medieval monetary shenanigans. Instead of money changing, our duo gets into gold smuggling. In essence, this is a “caper” story, though it’s not allowed to really operate as such, and the style and mood stay rooted in Lawrence’s merchant ethos and financial worries.

And utter financial ruin is the motivation here. A good deal goes very sour, a merchant house is on the verge of ruin, and may well take Lawrence with them.

Meanwhile, we get more elaboration, rather than change or progress on the relationship between Lawrence and Horo. For reading, start at the start, not here, but if you’ve seen either anime series, I’m sure everything will be familiar enough to be able to drop in and see Norah.