Talk:Bank of Amsterdam

Summary

This article is, at the moment, basically a summary of a chapter from Adam Smith's Wealth of Nations. This comprises somewhat dated research - written during the 18th century - but is nonetheless a fascinating read. There is, of course, newer research related to the Bank of Amsterdam, and information from additional sources should be integrated into this article. 23:38, 9 December 2006 (UTC)

1/Smith distinguishes between the early days of the Bank, when it took in deposits in coins and minted fresh ones to laundry all the debased currency, and his own days, when the bank had been busy inventing new financial instruments that justified his lengthy digression. The article does not respect this development. It sounds as if it had functioned in its 1776 way right from the start in 1609--Anne97432 (talk) 05:00, 15 November 2008 (UTC)

2/which allowed him to claim his deposit 6 months later, : that's not what Smith writes. It could be withdrawn within the first six months. --Anne97432 (talk) 05:09, 15 November 2008 (UTC)

Name change

The name should be changed back to English per WP:NAME. Wikipedia articles should be named in English. LK (talk) 15:19, 3 September 2009 (UTC)

Discount Bank

moved from my talk page
Hello Joost99,

I saw you removed the new link I had added to this article. However, discount bank is just the English equivalent of Dutch wisselbank. See for example this web page: [1]. So it's most accurate to say that the Bank of Amsterdam/Amsterdamsche Wisselbank was a discount bank. Unfortunately this wiki does not have an article about discount bank yet, while the subject already exists on the Dutch WP. Regards, The Wiki ghost (talk) 18:55, 12 November 2011 (UTC)

Hi. The source you give is just one entry, which might well be mistaken. The bank did no discounting. Encyclopedia Britannica says: "Amsterdam’s “exchange bank” was instituted in 1609 to provide monetary exchange at established rates, but it soon became a deposit bank for the safe settling of accounts. Unlike the Bank of England, established almost a century later, it neither managed the national currency nor acted as a lending institution (except to the government in emergencies)." This link clearly states "it was also an exchange bank, rather than a bank of issue and discount. ... the bank did not make loans to merchants by discounting commercial paper." (pag 127) This link states it was set up as a deposit bank. None of these sources call it a discount bank, even more, they mention discounting was not the trade of the bank. So I would like to see discount removed. Regards, Joost 99 (talk) 21:04, 12 November 2011 (UTC)

I've changed it to simple bank. If anything exchange bank (wissel; bill of exchange) could be an option. Joost 99 (talk) 20:38, 14 November 2011 (UTC)

copyright violation

Contributors need to be aware that a copy-and-paste of a source, whether cited or not, is a copyright violation, unless clearly indicated to be a direct quotation (and such direct quotations should be small - not an entire section) - I have paraphrased the 'Fall of the Bank' section to rectify this. Please feel free to improve my efforts [2] (this isn't really my specialist topic), but ensure that any future edits conform with Wikipedia:Copyrights policy - this is a matter that needs to be taken seriously. AndyTheGrump (talk) 15:36, 16 August 2012 (UTC)

Ernst Andersen

Danish professor of law Ernst Andersen in his book on the Origins of Banking (Bankvæsenets Oprindelse 1976) unequivocally states that the Wisselbank started as a depository of gold and coins. It did not discount bills or lend out. The sole paper transactions in the bank were the execution of payments by transfer from one account to another within the bank. Because it was metal based with 100 % reserves (probably the only bank ever to operate with full reserves and not fractional) it survived some very serious bankruns in the 17th century. — Preceding unsigned comment added by 89.23.224.61 (talk) 09:42, 17 February 2019 (UTC)

blockquotes

In Dutch we have an expression: the best helmsmen are on the shore. I am attacked by Oppa who has no profile, did not add anything here and cannot be regarded as helpful:

https://xtools.wmflabs.org/articleinfo/en.wikipedia.org/Bank_of_Amsterdam

Kind regards.Taksen (talk) 08:42, 24 April 2022 (UTC)

See "18th century" for how to start a blockquote: introduce author and/or source, and then quote. Don't subject readers to unexpected blockquotes without first telling us so. Thanks. Oppa gangnam psy (talk) 00:08, 28 April 2022 (UTC)

I have never heard of this rule.Taksen (talk) 05:14, 28 April 2022 (UTC)