publication . Preprint . Article . 2011

Amsterdam and London as financial centers in the eighteenth century

Carlos, Ann M.; Neal, Larry;
Open Access
  • Published: 01 Feb 2011
  • Country: United Kingdom
Abstract
In the seventeenth century, Amsterdam and London developed distinctive innovations in finance through both banks and markets that facilitated the growth of trade in each city. In the eighteenth century, a symbiotic relation developed that led to bank-oriented finance in Amsterdam cooperating with market-oriented finance in London. The relationship that emerged allowed each to rise to unprecedented dominance in Europe, while the respective financial innovations in each city provided the means for the continued expansion of European trade, both within Europe and with the rest of the world. The increasing strains of war finance for the competing European powers ove...
Subjects
free text keywords: ISI; Bank of Amsterdam; Bank of England; financial innovations; capital markets; banking; monetary regimes, jel:N20, jel:N23, Finance, History, War finance, Economy, business.industry, business, Economics, Capital market, Financial center, HC Economic History and Conditions
Communities
Digital Humanities and Cultural Heritage
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publication . Preprint . Article . 2011

Amsterdam and London as financial centers in the eighteenth century

Carlos, Ann M.; Neal, Larry;