Monetary, Credit and Banking Systems

Wee, Herman Van der

doi:10.1017/chol9780521087100.006

Cited by 113 publications

(8 citation statements)

References 269 publications

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“…Antwerp was initially the most important centre for trading in commodities. In 1531, the Antwerp Exchange opened and simultaneous trading using both forward and option contracts emerged (van der Wee, 1977). The concentration of liquidity on the Antwerp Exchange triggered speculation centred on the main merchants and large merchant houses that controlled financial activities or trading in goods.…”

Section: The Renaissancementioning

confidence: 99%

A Journey Through the History of Commodity Derivatives Markets and the Political Economy of (De)Regulation

Algieri

2018

SSRN Journal

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The CENTER FOR DEVELOPMENT RESEARCH (ZEF) was established in 1995 as an international, interdisciplinary research institute at the University of Bonn. Research and teaching at ZEF address political, economic and ecological development problems. ZEF closely cooperates with national and international partners in research and development organizations. For information, see: www.zef.de. ZEF-Discussion Papers on Development Policy are intended to stimulate discussion among researchers, practitioners and policy makers on current and emerging development issues. Each paper has been exposed to an internal discussion within the Center for Development Research (ZEF) and an external review. The papers mostly reflect work in progress. The Editorial Committee of the ZEF-DISCUSSION PAPERS ON DEVELOPMENT POLICY includes Joachim von Braun (Chair), Christian Borgemeister, and Eva Youkhana. Chiara Kofol is the Managing Editor of the series.

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Section: The Renaissancementioning

confidence: 99%

A Journey Through the History of Commodity Derivatives Markets and the Political Economy of (De)Regulation

Algieri

2018

SSRN Journal

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“…This line of reasoning is adopted, for instance, by van der Wee, ‘Antwerp’; idem, ‘Monetary, credit, and banking systems’; Neal, ‘How it all began’; Carlos and Neal, ‘Amsterdam and London’.…”

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confidence: 99%

“…van der Wee, Growth ; idem, ‘Antwerp’; idem, ‘Monetary, credit, and banking systems’. Puttevils, ‘Ascent’, pp.…”

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confidence: 99%

Direct finance in the Dutch Golden Age†

Gelderblom

Jonker

Kool

2016

The Economic History Review

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This article analyses private credit operations in Amsterdam in the seventeenth century to explain the absence of deposit banks. The financial system was highly segmented and a combination of declining business margins and narrow interest rate spreads cut the scope for deposit taking. Moreover, merchants had easy access to credit in the form of short‐term loans which could be easily rolled over, or replaced at will. This technique worked well because a market developed providing key functions to control risk and price loans accordingly.

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“…18 18 It was not until the mid‐eighteenth century that standard exercise dates developed in the London market; van der Wee, ‘Monetary, credit and banking systems’, p. 346. …”

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confidence: 99%

Trading options before Black‐Scholes: a study of the market in late seventeenth‐century London¹

Murphy

2009

The Economic History Review

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SUMMARYThis article uses data from the ledgers of the financial broker Charles Blunt to explore the market in equity options that emerged in London during the stock market boom of the early 1690s. Blunt's ledgers provide a unique opportunity to observe the workings of an early modern derivatives market. They reveal a broadly based and highly active trade in options.The market functioned well, determined value using agreed criteria, and was utilised by a diverse range of individuals to facilitate both risk-seeking and risk-averse investment strategies.

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Monetary, Credit and Banking Systems

Cited by 113 publications

References 269 publications

A Journey Through the History of Commodity Derivatives Markets and the Political Economy of (De)Regulation

A Journey Through the History of Commodity Derivatives Markets and the Political Economy of (De)Regulation

Direct finance in the Dutch Golden Age†

Trading options before Black‐Scholes: a study of the market in late seventeenth‐century London¹

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Monetary, Credit and Banking Systems

Cited by 113 publications

References 269 publications

A Journey Through the History of Commodity Derivatives Markets and the Political Economy of (De)Regulation

A Journey Through the History of Commodity Derivatives Markets and the Political Economy of (De)Regulation

Direct finance in the Dutch Golden Age†

Trading options before Black‐Scholes: a study of the market in late seventeenth‐century London1

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Product

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Trading options before Black‐Scholes: a study of the market in late seventeenth‐century London¹