The Bank of Amsterdam & The International Capital Market

Ever since the establishment of the Bank of Amsterdam the Dutch financial sector has been the hub of the European capital market. Dutch bankers are involved in everything from the wars to the manufactories of other European powers as well as various domestic enterprises. As mercantilism and protectionism closes off many foreign markets, however, the international position that once was the strength of the Dutch Banking establishment has suddenly become a weakness. As it has become known that the Bank has allowed the Dutch government and its companies to overdraw its accounts the credibility of the institution itself is also shaken in its very foundation. The Bank of Amsterdam is now ready to declare itself insolvent and it seems only a matter of time until we see the general effect of this on the Dutch economy.