Amsterdam and London as financial centers in the eighteenth century1

  title={Amsterdam and London as financial centers in the eighteenth century1},
  author={Ann M. Carlos and Larry D. Neal},
  journal={Financial History Review},
  pages={21 - 46}
  • A. Carlos, L. Neal
  • Published 1 February 2011
  • Economics, History
  • Financial History Review
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… 
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