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The city-owned Bank of Amsterdam was arguably the first central bank and the most important European bank throughout the 17th century. The Bank developed an innovative approach to bank money to cope with the debased coins that Amsterdam received from all over Europe, due to its status as a global trade center.
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Bank of Amsterdam Character Timeline in The Wealth of Nations
The timeline below shows where the character Bank of Amsterdam appears in The Wealth of Nations. The colored dots and icons indicate which themes are associated with that appearance.
Book 4, Chapter 3
...sent to Amsterdam reduced the value of Dutch currency by nine percent. In response, the Bank of Amsterdam was established in 1609. It bought any currency, national or foreign, and issued credit (called...
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The Bank of Amsterdam also took gold and silver bullion deposits in exchange for 95% of their value in...
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...fluctuate because receipt holders try to reduce it, while banks try to increase it. The Bank of Amsterdam solved this problem by permanently selling its bank money at a 5% agio and buying...
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