Amsterdam banking crisis of 1763

Dam square and town hall by Gerrit Berckheyde - Gemäldegalerie Alte Meister (Dresden)
The southside of the Amsterdam townhall, where the Wisselbank was located. Print by Jan de Beijer (1758)
Allegorie op de bankroeten te Amsterdam door de wissel en -windhandel, 1763. De Bankroeten te Amsterdam, in den Jare 1763, zinnebeeldig afgeschetst.
Allegorie op de verdrijving van de wind- en wisselhandelaren van Amsterdamse beurs, 1763

The Amsterdam banking crisis of 1763 in the Netherlands followed the end of the Seven Years' War. At this time prices of grain and other commodities were falling sharply, and the supply of credit dried up due to the decreased value of collateral goods. Many of the banks based in Amsterdam were over-leveraged and were interlinked by complex financial instruments, making them vulnerable to a sudden tightening of credit availability.

The crisis was marked by the failure of one large bank - that of De Neufville - and many smaller financial enterprises. The extent of the crisis was mitigated by the provision of additional liquidity by the Bank of Amsterdam, the Dutch central bank. Similarities have been identified between these events and the financial crisis of 2007–2008.[1][2][3]

  1. ^ Narron, James, and David Skeie. "Crisis Chronicles: The Commercial Credit Crisis of 1763 and Today’s Tri-Party Repo Market."
  2. ^ Lessons from the Seven Years War by Isabel Schnabel and Hyun Song Shin
  3. ^ Quinn, Stephen, and Williams Roberds. "Responding to a Shadow Banking Crisis: The Lessons of 1763."