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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 modern-day monetary centre the town hall, Wisselbank, Beurs (stock exchange), Korenbeurs (products exchange), significant insurance coverage, brokerage and trading business lay within a few blocks of each other, together with coffee houses which functioned as informal trading floorings and exchanges that assisted in deal-making. Financial developments such as maritime insurance, retirement pensions, annuities, futures and alternatives, multinational 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 Fulfilling) Gelderblom, Oscar; Jonker, Joost (2004 ) - What happened to household finance corporation.
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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), founded in 1602, was the world's first international, joint-stock, restricted liability corporation as well as its very first government-backed trading cartel. Our own East India Company, established in 1600, remained a coffee-house inner circle until 1657, when it, too, started selling shares, not in private voyages, however in the Business itself, by which time its Dutch competitor was without a doubt the most significant business business the world had actually known." Phelan, Ben (7 January 2013).