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From the late 18th century onwards until today, Dutch bankers and investors have been accused of persistently neglecting the interests of manufacturing industry. Such charges usually rest more on sentiment than on a reasoned judgement based on analyzing finance. This book presents the first comprehensive analysis of the 19th century Amsterdam money market from the viewpoint of industrial finance. The market was very open, flexible, sophisticated, and resilient. Trade and industry had access to a wide array of services and facilities, with prices held down by keen competition. Such failures as did occur amongst actual or projected ventures must be ascribed to poor prospects, poor performance, or both. Consequently, Amsterdam’s tardy economic development during most of the 19th century cannot be blamed on unco-operative bankers and investors, but on general economic circumstances.
Jaar van uitgave: 1996
ISBN: 90-5742-001-5
Aantal pagina’s: 383
Prijs: € 27,20
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