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gov.sg). Recovered 26 February 2017. As Wu Wei Neng (2012) notes: "17th century Amsterdam was the world's first contemporary financial centre the municipal government, Wisselbank, Beurs (stock market), Korenbeurs (commodities exchange), significant insurance coverage, brokerage and trading business lay within a few blocks of each other, along with coffee houses which worked as informal trading floorings and exchanges that facilitated deal-making. Financial innovations such as maritime insurance, retirement pensions, annuities, futures and choices, transnational securities listings, mutual funds and modern-day financial 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 ) - How to finance an investment property.
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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 Business (Verenigde Oostindische Compagnie, or VOC), established in 1602, was the world's first multinational, joint-stock, minimal liability corporation along with its very first government-backed trading cartel. Our own East India Business, established in 1600, remained a coffee-house clique until 1657, when it, too, started selling shares, not in individual trips, however in the Company itself, by which time its Dutch rival was by far the most significant business enterprise the world had known." Phelan, Ben (7 January 2013).