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gov.sg). Recovered 26 February 2017. As Wu Wei Neng (2012) notes: "17th century Amsterdam was the world's very first contemporary financial centre the city hall, Wisselbank, Beurs (stock market), Korenbeurs (commodities exchange), major insurance, brokerage and trading business lay within a few blocks of each other, in addition to coffee homes which functioned as casual trading floors and exchanges that facilitated deal-making. Financial innovations such as maritime insurance, retirement pensions, annuities, futures and options, transnational securities listings, shared funds and contemporary investment banking had their genesis in 17th and 18th century Amsterdam." [] Sylla, Richard (2015 ). "Financial Development, Corporations, and Inequality". (BHC-EBHA Meeting) Gelderblom, Oscar; Jonker, Joost (2004 ) - What are the two ways government can finance a budget deficit?.
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( Routledge, 2013, 0415716179) Sayle, Murray (5 April 2001). " Japan goes Dutch". 23 (7 ). pp. 37. Murray Sayle (2001 ): "The Netherlands United East Indies Company (Verenigde Oostindische Compagnie, or VOC), established in 1602, was the world's very first international, joint-stock, limited liability corporation along with its very first government-backed trading cartel. Our own East India Business, established in 1600, stayed a coffee-house inner circle until 1657, when it, too, started offering shares, not in private trips, but in the Company itself, by which time its Dutch rival was without a doubt the greatest company the world had actually understood." Phelan, Ben (7 January 2013).