Stockholms Banco
E92705
Stockholms Banco was the 17th-century Swedish bank often regarded as Europe’s first central bank and an early issuer of banknotes.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
bank
→
historical bank → |
| alsoKnownAs |
Palmstruch Bank
→
|
| banknoteConvertibility |
convertible into silver coins
→
|
| banknoteInnovation |
convertible paper notes backed by deposits
→
|
| country |
Sweden
→
|
| currencyHandled |
Swedish riksdaler
→
|
| dissolutionDate |
1668
→
|
| economicRole |
financing Swedish Crown expenditures
→
providing credit to merchants in Stockholm → |
| failureConsequence |
creation of Sveriges Riksbank in 1668
→
|
| foundedBy |
Johan Palmstruch
→
|
| founderCitizenship |
Sweden
→
|
| founderOccupation |
financier
→
|
| foundingDate |
1656
→
|
| governance |
operated under royal privilege
→
|
| grantedCharterBy |
Charles X Gustav of Sweden
→
|
| headquartersLocation |
Stockholm
→
|
| historicalSignificance |
early experiment with paper money in Europe
→
precursor to modern central banking in Sweden → |
| industry |
banking
→
|
| issued |
banknotes
→
credit notes → |
| jurisdiction |
Kingdom of Sweden
→
|
| languageOfName |
Swedish
→
|
| legalForm |
chartered bank
→
|
| legalStatus |
privileged bank of the Swedish Crown
→
|
| locatedIn |
Stockholm
→
|
| namedAfter |
Stockholm
→
|
| notableFor |
being an early form of central bank in Europe
→
being one of the first European issuers of banknotes → |
| operatedInCentury |
17th century
→
|
| operatedUnderMonarch |
Charles X Gustav of Sweden
→
Charles XI of Sweden → |
| predecessorInstitutionOf |
Sveriges Riksbank
NERFINISHED
→
|
| product |
deposits
→
loans → transfer services → |
| reasonForDissolution |
loss of public confidence
→
over-issuance of banknotes → |
| regionServed |
Sweden
→
|
| regulatedBy |
Swedish Crown
→
|
| riskFactor |
insufficient metallic reserves
→
maturity mismatch between deposits and loans → |
| successor |
Sveriges Riksbank
→
|
| timeInOperation |
approximately 12 years
→
|
| typeOfBank |
deposit bank
→
lending bank → |
Referenced by (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
Sveriges Riksbank
→
|
precededBy |