Palmstruch Bank

E416451

Palmstruch Bank was the 17th-century Swedish bank founded by Johan Palmstruch, notable for issuing some of the first European banknotes and ultimately collapsing in a financial crisis.

All labels observed (2)

Label Occurrences
Palmstruch Bank canonical 1
Palmstruchska banken 1

How this entity was disambiguated

Statements (39)

Predicate Object
instanceOf bank ⓘ
financial institution ⓘ
alsoKnownAs Palmstruchska banken ⓘ
linked to: Palmstruch Bank
charterGrantedBy Charles X Gustav of Sweden ⓘ
collapse mid-1660s ⓘ
consequenceOfCollapse creation of a state-controlled bank ⓘ
trial of Johan Palmstruch ⓘ
country Sweden ⓘ
currencyHandled Swedish riksdaler ⓘ
linked to: riksdaler
dissolved 1668 ⓘ
era 17th century ⓘ
founder Johan Palmstruch ⓘ
hasKeyPerson Johan Palmstruch ⓘ
headquartersLocation Stockholm ⓘ
historicalPeriod Swedish Empire ⓘ
inception 1656 ⓘ
industry banking ⓘ
influenced development of central banking in Sweden ⓘ
influencedBy Amsterdam banking practices ⓘ
jurisdiction Kingdom of Sweden ⓘ
legacy considered a forerunner of Sveriges Riksbank ⓘ
early example of risks of unregulated note issuance ⓘ
legalForm chartered bank ⓘ
locatedIn Stockholm ⓘ
monopolyOn note issuance in Sweden ⓘ
notableFor early experiment with paper money in Sweden ⓘ
issuing some of the first European banknotes ⓘ
originalName Stockholms Banco ⓘ
paperMoneyType credit notes ⓘ
transferable banknotes ⓘ
product banknotes ⓘ
deposit accounts ⓘ
loans ⓘ
reasonForDissolution financial crisis ⓘ
loss of public confidence ⓘ
over-issuance of banknotes ⓘ
regulator Swedish Crown ⓘ
significantEvent introduction of banknotes in Europe ⓘ
successor Sveriges Riksbank ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Stockholms Banco → alsoKnownAs → Palmstruch Bank ⓘ
Palmstruch Bank → alsoKnownAs → Palmstruchska banken ⓘ
linked to: Palmstruch Bank