Description
This book brings together the results of fresh scholarly research to present a unique overview of the financial history of the Netherlands from the sixteenth century onwards. The Netherlands has always occupied a role in international finance way out of proportion with its geographical size. Since the eighteenth century, the country has been one of the largest exporters of capital in the world. In addition, several important financial innovations were pioneered in the Netherlands, such as a funded public debt, the famous Amsterdam Wisselbank, large public limited companies with transferable shares, and securitized international loans. The book shows the evolution of the Dutch financial system during nearly four and a half centuries, detailing the close interrelationship between currency policy, public finance, and banking.
Chapter
2 The merits of a financial revolution: public finance, 1550–1700
2.2 The centralisation of finances under the Habsburgs
2.3 Early fiscal structures during the Revolt
2.4 The burden of war in the republican expenses
2.5 The safety-valve of the public debt
2.6 The limited fiscal instruments of the central state
2.7 General patterns in taxation
2.8 The varying burden of taxation in the provinces
2.9 The financial success of the Dutch Republic
3 Linking the fortunes: currency and banking, 1550–1800
3.2 The Revolt and its consequences for mint and currency
3.3 Reforms and improvements in the currency system
3.4 Money changers, cashiers and pawnbrokers
3.5 The Bank of Amsterdam
3.6 Characteristics of the Amsterdam capital market
3.7 The Amsterdam bourse and the trade in securities
3.8 Capital flows and foreign assets
3.9 Crises and weaknesses
4 From fragmentation to unification: public finance, 1700–1914
4.2 Quantitative developments
4.3 Public expenditure in the eighteenth century: wars and
debts
4.4 Public expenditure in patriot ideology and during the
Batavian Revolution
4.5 National expenditure and debts from 1815 to 1850
4.6 Public revenues: the heritage of the eighteenth century
4.7 Taxation during the Batavian Revolution
4.8 Taxation in the Netherlands up to 1850
4.9 Public expenditure during the heyday of liberalism
4.10 Public revenue between 1844 and 1914
4.11 Public finance, institutional change, economic development
and capital export
5 The alternative road to modernity: banking and currency, 1814–1914
5.2 Cleaning up the circulation, 1814–1850
5.3 Managing the currency, 1850–1914
5.4 The early pattern of banking, 1814–1860
5.5 Structural changes, 1860–1890
5.6 New horizons, 1890–1914
6 Old rules, new conditions, 1914–1940
6.1 The development of the banking system: from 'revolution' to
stagnation
6.2 Government finances: the golden rule of accumulation in
practice
6.3 Monetary policy and the development of the Central Bank
6.4 Old rules, new conditions, 1914–1940
7 Towards a new maturity, 1940–1990
7.2.1
The German occupation
7.2.2 The money purge and after
7.3.1 The budget as a macro-economic instrument
7.3.2 The causes of exploding public expenditure and income
7.4.2 The scramble for sayings
7.5 Increase of scale in banking
7.5.4 The payments mechanism
7.6 Functions and development of the Nederiandsche Bank
8.1 Provincial primacy, 1570–1800
8.2 The coming of the nation-state, 1800–1914
8.3 From nation-state to wider monetary integration, 1914-
A Financial History of the Netherlands
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