Amsterdam and London as financial centers in the eighteenth century1
@article{Carlos2011AmsterdamAL, title={Amsterdam and London as financial centers in the eighteenth century1}, author={Ann M. Carlos and Larry D. Neal}, journal={Financial History Review}, year={2011}, volume={18}, pages={21 - 46} }
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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