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Amsterdam Banking Crisis Of 1763
The Amsterdam banking crisis of 1763 in the Netherlands followed the end of the Seven Years' War. At this time prices of grain and other commodities were falling sharply, and the supply of credit dried up due to the decreased value of collateral goods. Many of the banks based in Amsterdam were over-leveraged and were interlinked by complex financial instruments, making them vulnerable to a sudden tightening of credit availability. The crisis was marked by the failure of one large bank - that of De Neufville - and many smaller financial enterprises. The extent of the crisis was mitigated by the provision of additional liquidity by the Bank of Amsterdam, the Dutch central bank. Similarities have been identified between these events and the financial crisis of 2007–2008. Background On 10 February 1763, the Treaty of Hubertusburg was signed between Prussia, Austria and Saxony. This Treaty marked the end of the Seven Years' War, a war from 1756 to 1763 that involved all of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journal Of The European Economic Association
The ''Journal of the European Economic Association'' is a peer-reviewed academic journal covering all aspects of economics. It was established in 2003 and is published by Wiley-Blackwell on behalf of the European Economic Association. The current managing editor is Imran Rasul, Professor of Economics at University College London. According to the ''Journal Citation Reports'', the journal has a 2020 impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a scientometric index calculated by Clarivate that reflects the yearly mean number of citations of articles published in the last two years in a given journal, as i ... of 4.583. References External links * English-language journals Publications established in 2003 Economics journals Wiley-Blackwell academic journals Bimonthly journals Academic journals associated with international learned and professional societies of Europe {{econ-journal-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ephraimiten
An Ephraimite (German Ephraimit, plural Ephraimiten) was a debased coin part of whose silver content was replaced with copper. Ephraimites, as they came to be called, were issued under the authority of Frederick the Great of Prussia in the Duchy of Saxony and the Kingdom of Prussia from 1756 till 1763 during the Seven Years' War. The coins were spread by merchants and soldiers in Silesia, Bohemia, Poland and Courland and traded as if they were of official silver content. In return higher value foreign coins would be received, which could be used to pay the costs of army supply. By the end of 1762 Frederick the Great abandoned this policy. After the war the traditional content standards were restored. Financing the cost of war Frederic the Great used Ephraimites to finance the Seven Years' War. He debased the currency five times. By producing and issuing such coins of low value the royal treasury could make a considerable profit. This was mainly the task of the banker and cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governing Senate
The Governing Senate (russian: Правительствующий сенат, Pravitelstvuyushchiy senat) was a legislative, judicial, and executive body of the Russian Emperors, instituted by Peter the Great to replace the Boyar Duma and lasted until the very end of the Russian Empire. It was chaired by the Procurator General, who served as the link between the sovereign and the Senate; he acted, in the emperor's own words, as "the sovereign's eye". Description Originally established only for the time of Peter's absence, it became a permanent body after his return. The number of senators was first set at nine and, in 1712, increased to ten. Any disagreements between the Chief Procurator and the Senate were to be settled by the monarch. Certain other officials and a chancellery were also attached to the Senate. While it underwent many subsequent changes, it became one of the most important institutions of imperial Russia, especially for administration and law. The State Counc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lower Silesia
Lower Silesia ( pl, Dolny Śląsk; cz, Dolní Slezsko; german: Niederschlesien; szl, Dolny Ślōnsk; hsb, Delnja Šleska; dsb, Dolna Šlazyńska; Silesian German: ''Niederschläsing''; la, Silesia Inferior) is the northwestern part of the historical and geographical region of Silesia; Upper Silesia is to the southeast. In the Middle Ages Lower Silesia was part of Piast-ruled Poland. It was one of the leading regions of Poland, and its capital Wrocław was one of the main cities of the Polish Kingdom. Lower Silesia emerged as a distinctive region during the fragmentation of Poland, in 1172, when the Duchies of Opole and Racibórz, considered Upper Silesia since, were formed of the eastern part of the Duchy of Silesia, and the remaining, western part was since considered Lower Silesia. During the Ostsiedlung, German settlers were invited to settle in the sparsely populated region, which until then had a Polish majority. As a result, the region became largely Germanised in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Down Payment
Down payment (also called a deposit in British English), is an initial up-front partial payment for the purchase of expensive items/services such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction. A loan of some sort is then required to finance the remainder of the payment. The main purposes of a down payment is to ensure that the lending institution has enough capital to create money for a loan in fractional reserve banking systems and to recover some of the balance due on the loan in the event that the borrower defaults. In real estate, the asset is used as collateral in order to secure the loan against default. If the borrower fails to repay the loan, the lender is legally entitled to sell the asset and retain enough of the proceeds to repay the remaining balance on the loan, including fees and interest added. A down payment, in this case, reduces the lender's risk to less than the value of the collateral, making it more like ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crown Of The Kingdom Of Poland
The Crown of the Kingdom of Poland ( pl, Korona Królestwa Polskiego; Latin: ''Corona Regni Poloniae''), known also as the Polish Crown, is the common name for the historic Late Middle Ages territorial possessions of the King of Poland, including the Kingdom of Poland proper. The Polish Crown was at the helm of the Polish–Lithuanian Commonwealth from 1569 to 1795. Major political events The Kingdom of Poland has been traditionally dated back to c. 966, when Mieszko I and his pagan Slavic realm joined Christian Europe (Baptism of Poland), establishing the state of Poland, a process started by his Polan Piast dynasty ancestors. His oldest son and successor, Prince Bolesław I Chrobry, Duke of Poland, became the first crowned King of Poland in 1025. Union of Krewo The Union of Krewo was a set of prenuptial agreements made in the Kreva Castle on August 13, 1385. Once Jogaila confirmed the prenuptial agreements on August 14, 1385, Poland and Lithuania formed a personal uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pommerania
Pomerania ( pl, Pomorze; german: Pommern; Kashubian: ''Pòmòrskô''; sv, Pommern) is a historical region on the southern shore of the Baltic Sea in Central Europe, split between Poland and Germany. The western part of Pomerania belongs to the German states of Mecklenburg-Western Pomerania and Brandenburg, while the eastern part belongs to the West Pomeranian, Pomeranian and Kuyavian-Pomeranian voivodeships of Poland. Its historical border in the west is the Mecklenburg-Western Pomeranian border ''Urstromtal'' which now constitutes the border between the Mecklenburgian and Pomeranian part of Mecklenburg-Western Pomerania, while it is bounded by the Vistula River in the east. The easternmost part of Pomerania is alternatively known as Pomerelia, consisting of four sub-regions: Kashubia inhabited by ethnic Kashubians, Kociewie, Tuchola Forest and Chełmno Land. Pomerania has a relatively low population density, with its largest cities being Gdańsk and Szczecin. Outside it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dolgorukov
The House of Dolgorukov () is a princely Russian family of Rurikid stock. They are a cadet branch of the Obolenskiy family (until 1494 the rulers of Obolensk, one of the Upper Oka Principalities) and as such claiming patrilineal descent from Mikhail of Chernigov (d. 1246). The founder of the Dolgorukov branch of the Obolenskiy is Prince Ivan Andreevich Oblenskiy (15th century), who for his vengefulness was given the nickname of Долгорукий ''Dolgorukiy'', i.e. "far-reaching". Obolensk was incorporated into the expanding Grand Duchy of Moscow in 1494, and the house of Dolgorukov became a powerful noble family in Tsardom of Russia and the Russian Empire. List of members Members of the House of Dolgorukov include: *Maria Dolgorukaya (d. 1580), a wife of Ivan IV *Grigorij Ivanovich Menshoi Tchyort ("the Devil") Dolgorukov (Князь Григорий Иванович Меньшой Чёрт Долгоруков), died after 1598, governor under Ivan the Terrible. *Aleks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Empire
The Russian Empire was an empire and the final period of the Russian monarchy from 1721 to 1917, ruling across large parts of Eurasia. It succeeded the Tsardom of Russia following the Treaty of Nystad, which ended the Great Northern War. The rise of the Russian Empire coincided with the decline of neighbouring rival powers: the Swedish Empire, the Polish–Lithuanian Commonwealth, Qajar Iran, the Ottoman Empire, and Qing China. It also held colonies in North America between 1799 and 1867. Covering an area of approximately , it remains the third-largest empire in history, surpassed only by the British Empire and the Mongol Empire; it ruled over a population of 125.6 million people per the 1897 Russian census, which was the only census carried out during the entire imperial period. Owing to its geographic extent across three continents at its peak, it featured great ethnic, linguistic, religious, and economic diversity. From the 10th–17th centuries, the land ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leendert Pieter De Neufville
Leendert Pieter de Neufville (Amsterdam, March 8, 1729Rotterdam, July 28, 1811) was a Dutch merchant and banker trading in silk, linen, and grain. His business grew quickly during the Seven Years' War. De Neufville secretly supplied the Prussian army with gunpowder. It is likely that the army's outsourcing of handling bills of exchange in commercial payment boosted his business in a sophisticated form of letters of credit, acceptance loans. His business model had similarities with the modern shadow banking system. Beginning in 1762 De Neufville became involved in melting down debased coins, no longer allowed in Prussia and Saxony, with the plan to sell back the melted silver. In Spring 1763 De Neufville was party to a major speculative grain deal with the Berlin merchant banker Johann Ernst Gotzkowsky. The financial crisis of July 1763 was triggered when De Neufville had to pay his obligations to Gotzkowsky. De Neufville suspended payment on 3 August 1763; his list of creditors ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
