Hamburg banco
E889801
Hamburg banco was a stable silver-based bank money used in early modern Hamburg as a key medium for large-scale and international trade transactions.
Statements (36)
| Predicate | Object |
|---|---|
| instanceOf |
bank money
ⓘ
silver-based money of account ⓘ stablecoin-like historical currency ⓘ |
| administeredBy | Bank of Hamburg NERFINISHED ⓘ |
| basedOn | silver ⓘ |
| circulatedPrimarilyAmong |
bankers
ⓘ
international trading houses ⓘ wholesale merchants ⓘ |
| contrastedWith | debased coinage in circulation ⓘ |
| currencyOf | Hamburg NERFINISHED ⓘ |
| denominatedIn | mark banco ⓘ |
| functionedAs | reference currency in regional trade ⓘ |
| geographicRegion |
German states
ⓘ
Holy Roman Empire NERFINISHED ⓘ Northern Europe NERFINISHED ⓘ |
| hadProperty |
backed by metal reserves
ⓘ
book money rather than coin ⓘ relatively stable value ⓘ |
| helpedFacilitate |
long-distance merchant credit
ⓘ
reduction of exchange rate risk in trade ⓘ |
| historicalRole | important financial infrastructure of Hamburg as a trading hub ⓘ |
| monetaryStandard | silver standard ⓘ |
| moneyForm | ledger entries at the city bank ⓘ |
| relatedTo |
Amsterdam bank money
ⓘ
Venetian banco money ⓘ |
| settlementMethod | transfer between accounts at the Bank of Hamburg ⓘ |
| usedAs |
means of payment in large-scale trade
ⓘ
medium of exchange ⓘ unit of account ⓘ |
| usedFor |
clearing and settlement between merchants
ⓘ
international trade transactions ⓘ large-scale commercial payments ⓘ |
| usedInCentury |
17th century
ⓘ
18th century ⓘ 19th century ⓘ |
| usedInPeriod | early modern period ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.