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.

All labels observed (1)

Label Occurrences
Stockholms Banco canonical 3

How this entity was disambiguated

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 riksdaler
surface form: 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
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

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Sveriges Riksbank precededBy Stockholms Banco
Palmstruch Bank originalName Stockholms Banco
Johan Palmstruch founded Stockholms Banco