Palmstruch Bank
E416451
Palmstruch Bank was the 17th-century Swedish bank founded by Johan Palmstruch, notable for issuing some of the first European banknotes and ultimately collapsing in a financial crisis.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Palmstruch Bank canonical | 1 |
| Palmstruchska banken | 1 |
Statements (39)
| Predicate | Object |
|---|---|
| instanceOf |
bank
ⓘ
financial institution ⓘ |
| alsoKnownAs |
Palmstruch Bank
ⓘ
surface form:
Palmstruchska banken
|
| charterGrantedBy | Charles X Gustav of Sweden NERFINISHED ⓘ |
| collapse | mid-1660s ⓘ |
| consequenceOfCollapse |
creation of a state-controlled bank
ⓘ
trial of Johan Palmstruch ⓘ |
| country | Sweden ⓘ |
| currencyHandled |
riksdaler
ⓘ
surface form:
Swedish riksdaler
|
| dissolved | 1668 ⓘ |
| era | 17th century ⓘ |
| founder | Johan Palmstruch ⓘ |
| hasKeyPerson | Johan Palmstruch ⓘ |
| headquartersLocation | Stockholm ⓘ |
| historicalPeriod | Swedish Empire ⓘ |
| inception | 1656 ⓘ |
| industry | banking ⓘ |
| influenced | development of central banking in Sweden ⓘ |
| influencedBy | Amsterdam banking practices ⓘ |
| jurisdiction | Kingdom of Sweden ⓘ |
| legacy |
considered a forerunner of Sveriges Riksbank
ⓘ
early example of risks of unregulated note issuance ⓘ |
| legalForm | chartered bank ⓘ |
| locatedIn | Stockholm ⓘ |
| monopolyOn | note issuance in Sweden ⓘ |
| notableFor |
early experiment with paper money in Sweden
ⓘ
issuing some of the first European banknotes ⓘ |
| originalName | Stockholms Banco ⓘ |
| paperMoneyType |
credit notes
ⓘ
transferable banknotes ⓘ |
| product |
banknotes
ⓘ
deposit accounts ⓘ loans ⓘ |
| reasonForDissolution |
financial crisis
ⓘ
loss of public confidence ⓘ over-issuance of banknotes ⓘ |
| regulator |
The King in Right of Sweden
ⓘ
surface form:
Swedish Crown
|
| significantEvent | introduction of banknotes in Europe ⓘ |
| successor | Sveriges Riksbank ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Palmstruchska banken