Money or Export Commodity for Asia? American Silver in the Markets of Mexico, Castile and Amsterdam from the Sixteenth to the Eighteenth Century – Renate Pieper
In Amsterdam the monetary situation di ered considerably from that found in Spain (Castile) and in Mexico. In the seventeenth century, Amsterdam had emerged as the major nancial centre for the Atlantic economies, in part because of the operations of its new Wisselbank (founded 1609), especially in utilizing a money of account ‘bank money’ whose value remained xed in its ne silver contents (as shown in Herman Van der Wee’s chapter in this volume).6 But in
Amsterdam, in contrast to both Mexico and Spain, no chronic complaints about monetary shortages were to be found, despite the concerns of Dutch merchants about obtaining licences to export silver from the Spanish realms (to Amsterdam and then to various foreign regions).7 erefore, we may conclude that the monetary functions of the two precious metals in Mexico, Castile and Amsterdam di ered from each other and o en varied in their forms and goals over the course of the seventeenth and eighteenth centuries.