Jump to ContentJump to Main Navigation
Private Banking in EuropeRise, Retreat, and Resurgence$
Users without a subscription are not able to see the full content.

Youssef Cassis and Philip L. Cottrell

Print publication date: 2015

Print ISBN-13: 9780198735755

Published to Oxford Scholarship Online: September 2015

DOI: 10.1093/acprof:oso/9780198735755.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 25 July 2021

Public and Private Markets for Capital and Credit, 1688–1793

Public and Private Markets for Capital and Credit, 1688–1793

(p.39) Chapter 2 Public and Private Markets for Capital and Credit, 1688–1793
Private Banking in Europe

Youssef Cassis

Philip L. Cottrell

Oxford University Press

Chapter 2 considers the greater formalization, and concurrent growth, of private banking, aided by the establishment of the first quasi-central banks, such as the Bank of England, and the development of capital markets with a more complete articulation. Its timeframe is set by the so-called English financial revolution on the one hand, and, on the other, the end of Amsterdam as a major international capital market, brought about by the invasion of French revolutionary forces. Formalized private banking developed in depth and width first within the British Isles, initially in London during the late seventeenth century, and thereafter within the provinces. This major financial advance, which had a multifaceted relationship with the onset of industrialization, is contrasted with the roles played by lawyer-bankers and financiers during the last century of the Ancien Régime in France, and by court bankers in the German states.

Keywords:   central banks, Amsterdam, London, Goldsmiths, financiers, industrialization

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .