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MacleodFinance's avatar

Hi Bert

Thank you for your comments. My interest in history comes from reading. I think we all find that it is after school that interests and learning truly develop! The Bank of Amsterdam story was not unique, but is often misinterpreted as a better banking model than fractional reserve banking. In fact, like Hamburg Amsterdam was a commercial centre where many different currencies ended up. The Bank's business was to take them in by weight and credit depositors with the proceeds, drawable in specie.

I find history can be useful context for demonstrating economic and monetary theory!

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Tirion's avatar

Congratulations on this new venture, Mr Macleod, and thank you for taking the trouble. Much appreciated!

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