TY  - BOOK
AU  - Petram,Lodewijk
AU  - Richards,Lynne
TI  - The World's First Stock Exchange
T2  - Columbia Business School Publishing
SN  - 9780231163781
AV  - HG5570.A4 P4813 2014
U1  - 332.642492 23
PY  - 2014///]
CY  - New York, NY : 
PB  - Columbia University Press, 
KW  - Stock exchanges
KW  - History
KW  - Netherlands
KW  - Amsterdam
KW  - 17th century
KW  - Stocks
KW  - BUSINESS & ECONOMICS / Economic History
KW  - bisacsh
N1  - Frontmatter --; Contents --; 1. A World-Famous Book --; 2. A New Company --; 3. Early Share Trading --; 4. Angry Shareholders --; 5. Fraud --; 6. The First Boom --; 7. Jewish Traders --; 8. Information --; 9. Trading Clubs --; 10. Speculation --; 11. Crisis --; 12. The World-Famous Book Again --; Epilogue --; Acknowledgments and Overview of Literature and Sources --; Notes --; Glossary --; Bibliography --; Index; restricted access; Issued also in print
N2  - The launch of the Dutch East India Company in 1602 initiated Amsterdam's transformation from a regional market town into a dominant financial center. The Company introduced easily transferable shares, and within days buyers had begun to trade them. Soon the public was engaging in a variety of complex transactions, including forwards, futures, options, and bear raids, and by 1680 the techniques deployed in the Amsterdam market were as sophisticated as any we practice today.Lodewijk Petram's eye-opening history demystifies financial instruments by linking today's products to yesterday's innovations, tying the market's operation to the behavior of individuals and the workings of the world around them. Traveling back to seventeenth-century Amsterdam, Petram visits the harbor and other places where merchants met to strike deals. He bears witness to the goings-on at a notary's office and sits in on the consequential proceedings of a courtroom. He describes in detail the main players, investors, shady characters, speculators, and domestic servants and other ordinary folk, who all played a role in the development of the market and its crises. His history clarifies concerns that investors still struggle with today, such as fraud, the value of information, trust and the place of honor, managing diverging expectations, and balancing risk, and does so in a way that is vivid, relatable, and critical to understanding our contemporary financial predicament
UR  - https://doi.org/10.7312/petr16378
UR  - https://www.degruyter.com/isbn/9780231537322
UR  - https://www.degruyter.com/document/cover/isbn/9780231537322/original
ER  -