Joost Jonker
Biographic Data
| ID | 1019534 |
|---|---|
| NAME | Joost Jonker |
| GIVEN NAMES | Joost |
| FAMILY NAME | Jonker |
| SIGNATURE | JONKER J |
| AFFILIATIONS | Utrecht University |
| VERIFIED | No |
| TOTAL WORKS | 14 |
| TOTAL CITATIONS | 58 |
| AUTHOR COUNT | 14 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2004 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 4 |
The first bear raid and squeeze: Isaac Le Maire and the Dutch East India Company
In 1609, the Dutch East India Company (VOC) faced a bear raid by a syndicate of short sellers led by Isaac Le Maire, a former director. We reconstruct the forward trade between 1607 and 1611, the actions taken by the syndicate members, and the responses to these actions by the company. We argue that the bear syndicate members aimed for financial gain from share price declines, while their leader, Le Maire, participated for strategic reasons, that…
Exploring modern bank penetration: Evidence from early twentieth-century Netherlands
We analyse the estate composition of the richest 30 per cent of people who died in the Netherlands in 1921 to find that households used a broad range of institutions to meet their financial demands. Goods and services were either paid in cash or settled periodically with suppliers. Despite the strong growth of commercial banking in the previous decades, households still made extensive use of peer-to-peer loans, with or without the added security …
From free-for-all to self-governing monopoly: Market organization and price information at the Amsterdam Stock Exchange, 1796–1940
For most of its history Amsterdam securities trading was entirely unregulated and spread over various venues frequented by different social groups, handicapping price transparency. A public price current emerged only in 1796 and then with wide bid-ask spreads to protect margins. To combat the confusion a curious pricing method, the mid-price system, emerged during the nineteenth century. Tied to a market microstructure centring on hoekmannen (mar…
Stock exchange price currents, financial information and market transparency: An introduction
Financial markets derive their political and societal legitimacy from their ability to produce fair and accurate prices. However, reviewing the literature on how stock exchanges price securities, we find an inherent tension between market organization and price disclosure, which is borne out by this special issue's historical case studies
A perfect symbiosis: Curaçao, the Netherlands and financial offshore services, 1951–2013
Analysing Curaçao as an offshore financial centre from its inception to its gradual decline, we find that it originated and evolved in close concert with the demand for such services from Western countries. Dutch banks and multinationals spearheaded the creation of institutions on the island facilitating tax avoidance. In this they were aided and abetted by their government, which firmly supported the Antilles in getting access to bilateral tax t…
Kenneth Scheve and David Stasavage, Taxing the Rich, a History of Fiscal Fairness in the United States and Europe
TSEG (Tijdschrift voor Sociale en Economische Geschiedenis) - The Low Countries Journal of Social and Economic History, is het Nederlands-Vlaamse vaktijdschrift op het gebied van de sociale en economische geschiedenis
Direct finance in the Dutch Golden Age
This article analyses private credit operations in Amsterdam in the seventeenth century to explain the absence of deposit banks. The financial system was highly segmented and a combination of declining business margins and narrow interest rate spreads cut the scope for deposit taking. Moreover, merchants had easy access to credit in the form of short-term loans which could be easily rolled over, or replaced at will. This technique worked well bec…
Chained to the Manor? Payment patterns and landlord-tenant relations in the Salland region of the Netherlands around 1750
TSEG (Tijdschrift voor Sociale en Economische Geschiedenis) - The Low Countries Journal of Social and Economic History, is het Nederlands-Vlaamse vaktijdschrift op het gebied van de sociale en economische geschiedenis
The Formative Years of the Modern Corporation: The Dutch East India Company VOC, 1602-1623
With their legal personhood, permanent capital, transferable shares, separation of ownership and management, and limited liability, the Dutch and English colonial trading companies VOC and EIC are considered institutional breakthroughs. We analyze the VOC's business operations and financial policy and show that its novel corporate form owed less to foresight than to piecemeal engineering to remedy design flaws. The crucial feature of managerial l…
Paying for the liberal state: The rise of public finance in nineteenth-century Europe - Edited by José Luís Cardoso and Pedro Lains
Public Finance and Economic Growth: The Case of Holland in the Seventeenth Century
The debate over the institutions that link economic growth to public finance tends to disregard the need for savings to finance growing public debt. In seventeenth-century Holland the structure, size, and issuing rates of the debt were determined by investors' preferences, wealth accumulation, and changing private investment opportunities. The growth of savings enabled the creation of a huge debt largely with short-term bills. Issuing rates dropp…
Tulipmania: Money, honor, and knowledge in the Dutch golden age - By Anne Goldgar
Anne Goldgar , Tulipmania: money, honor, and knowledge in the Dutch golden age ( Chicago : Chicago University Press , 2007 . Pp . xx + 425 . 71 figs. 13 plates. ISBN 9780226301259 Hbk. £17/$30 ) As the first amply-documented modern asset price bubble, the 1636–7 tulipmania features regularly in textbooks on economics and finance, usually to highlight the irrationality of such bubbles. Deriving as they all do from the same documents and accounts p…
Lucien Gillard, La Banque d’Amsterdam et le Florin européen: Lucien Gillard, La Banque d’Amsterdam et le Florin européen au Temps de la République néerlandaise (1610-1820), Paris, Éditions de l’Ehess,…
The Bank of Amsterdam or Wisselbank, celebrated in its day, has had mixed fortunes in the historic and economic literature. Held up on the one hand as a central factor in the creation of the Dutch Republic's economic miracle, the Wisselbank is also generally seen as an archaic institution. The bank neither gave credit nor issued notes, which is thought to have prevented it from evolving into a true central bank such as the Bank of England, itself…
Completing a Financial Revolution: The Finance of the Dutch East India Trade and the Rise of the Amsterdam Capital Market, 1595–1612
The article analyzes the evolution of the Amsterdam capital market as a consequence of Dutch overseas expansion and the introduction of transferable VOC shares. Offering investors prospects of speculative gains without serious loss of liquidity, these instruments created a booming secondary market offering a wide range of allied credit techniques. By 1609 this market had become sufficiently strong to dictate terms for new public debt issues. Thes…
Completing a Financial Revolution: The Finance of the Dutch East India Trade and the Rise of the Amsterdam Capital Market, 1595–1612
The article analyzes the evolution of the Amsterdam capital market as a consequence of Dutch overseas expansion and the introduction of transferable VOC shares. Offering investors prospects of speculative gains without serious loss of liquidity, these instruments created a booming secondary market offering a wide range of allied credit techniques. By 1609 this market had become sufficiently strong to dictate terms for new public debt issues. Thes…
Public Finance and Economic Growth: The Case of Holland in the Seventeenth Century
The debate over the institutions that link economic growth to public finance tends to disregard the need for savings to finance growing public debt. In seventeenth-century Holland the structure, size, and issuing rates of the debt were determined by investors' preferences, wealth accumulation, and changing private investment opportunities. The growth of savings enabled the creation of a huge debt largely with short-term bills. Issuing rates dropp…
The Formative Years of the Modern Corporation: The Dutch East India Company VOC, 1602-1623
With their legal personhood, permanent capital, transferable shares, separation of ownership and management, and limited liability, the Dutch and English colonial trading companies VOC and EIC are considered institutional breakthroughs. We analyze the VOC's business operations and financial policy and show that its novel corporate form owed less to foresight than to piecemeal engineering to remedy design flaws. The crucial feature of managerial l…
Direct finance in the Dutch Golden Age
This article analyses private credit operations in Amsterdam in the seventeenth century to explain the absence of deposit banks. The financial system was highly segmented and a combination of declining business margins and narrow interest rate spreads cut the scope for deposit taking. Moreover, merchants had easy access to credit in the form of short-term loans which could be easily rolled over, or replaced at will. This technique worked well bec…
Completing a Financial Revolution: The Finance of the Dutch East India Trade and the Rise of the Amsterdam Capital Market, 1595–1612
The article analyzes the evolution of the Amsterdam capital market as a consequence of Dutch overseas expansion and the introduction of transferable VOC shares. Offering investors prospects of speculative gains without serious loss of liquidity, these instruments created a booming secondary market offering a wide range of allied credit techniques. By 1609 this market had become sufficiently strong to dictate terms for new public debt issues. Thes…
Lucien Gillard, La Banque d’Amsterdam et le Florin européen: Lucien Gillard, La Banque d’Amsterdam et le Florin européen au Temps de la République néerlandaise (1610-1820), Paris, Éditions de l’Ehess,…
The Bank of Amsterdam or Wisselbank, celebrated in its day, has had mixed fortunes in the historic and economic literature. Held up on the one hand as a central factor in the creation of the Dutch Republic's economic miracle, the Wisselbank is also generally seen as an archaic institution. The bank neither gave credit nor issued notes, which is thought to have prevented it from evolving into a true central bank such as the Bank of England, itself…
Tulipmania: Money, honor, and knowledge in the Dutch golden age - By Anne Goldgar
Anne Goldgar , Tulipmania: money, honor, and knowledge in the Dutch golden age ( Chicago : Chicago University Press , 2007 . Pp . xx + 425 . 71 figs. 13 plates. ISBN 9780226301259 Hbk. £17/$30 ) As the first amply-documented modern asset price bubble, the 1636–7 tulipmania features regularly in textbooks on economics and finance, usually to highlight the irrationality of such bubbles. Deriving as they all do from the same documents and accounts p…
Paying for the liberal state: The rise of public finance in nineteenth-century Europe - Edited by José Luís Cardoso and Pedro Lains
Public Finance and Economic Growth: The Case of Holland in the Seventeenth Century
The debate over the institutions that link economic growth to public finance tends to disregard the need for savings to finance growing public debt. In seventeenth-century Holland the structure, size, and issuing rates of the debt were determined by investors' preferences, wealth accumulation, and changing private investment opportunities. The growth of savings enabled the creation of a huge debt largely with short-term bills. Issuing rates dropp…
The Formative Years of the Modern Corporation: The Dutch East India Company VOC, 1602-1623
With their legal personhood, permanent capital, transferable shares, separation of ownership and management, and limited liability, the Dutch and English colonial trading companies VOC and EIC are considered institutional breakthroughs. We analyze the VOC's business operations and financial policy and show that its novel corporate form owed less to foresight than to piecemeal engineering to remedy design flaws. The crucial feature of managerial l…
Chained to the Manor? Payment patterns and landlord-tenant relations in the Salland region of the Netherlands around 1750
TSEG (Tijdschrift voor Sociale en Economische Geschiedenis) - The Low Countries Journal of Social and Economic History, is het Nederlands-Vlaamse vaktijdschrift op het gebied van de sociale en economische geschiedenis
Direct finance in the Dutch Golden Age
This article analyses private credit operations in Amsterdam in the seventeenth century to explain the absence of deposit banks. The financial system was highly segmented and a combination of declining business margins and narrow interest rate spreads cut the scope for deposit taking. Moreover, merchants had easy access to credit in the form of short-term loans which could be easily rolled over, or replaced at will. This technique worked well bec…
Kenneth Scheve and David Stasavage, Taxing the Rich, a History of Fiscal Fairness in the United States and Europe
TSEG (Tijdschrift voor Sociale en Economische Geschiedenis) - The Low Countries Journal of Social and Economic History, is het Nederlands-Vlaamse vaktijdschrift op het gebied van de sociale en economische geschiedenis
A perfect symbiosis: Curaçao, the Netherlands and financial offshore services, 1951–2013
Analysing Curaçao as an offshore financial centre from its inception to its gradual decline, we find that it originated and evolved in close concert with the demand for such services from Western countries. Dutch banks and multinationals spearheaded the creation of institutions on the island facilitating tax avoidance. In this they were aided and abetted by their government, which firmly supported the Antilles in getting access to bilateral tax t…
From free-for-all to self-governing monopoly: Market organization and price information at the Amsterdam Stock Exchange, 1796–1940
For most of its history Amsterdam securities trading was entirely unregulated and spread over various venues frequented by different social groups, handicapping price transparency. A public price current emerged only in 1796 and then with wide bid-ask spreads to protect margins. To combat the confusion a curious pricing method, the mid-price system, emerged during the nineteenth century. Tied to a market microstructure centring on hoekmannen (mar…
Stock exchange price currents, financial information and market transparency: An introduction
Financial markets derive their political and societal legitimacy from their ability to produce fair and accurate prices. However, reviewing the literature on how stock exchanges price securities, we find an inherent tension between market organization and price disclosure, which is borne out by this special issue's historical case studies
Exploring modern bank penetration: Evidence from early twentieth-century Netherlands
We analyse the estate composition of the richest 30 per cent of people who died in the Netherlands in 1921 to find that households used a broad range of institutions to meet their financial demands. Goods and services were either paid in cash or settled periodically with suppliers. Despite the strong growth of commercial banking in the previous decades, households still made extensive use of peer-to-peer loans, with or without the added security …
The first bear raid and squeeze: Isaac Le Maire and the Dutch East India Company
In 1609, the Dutch East India Company (VOC) faced a bear raid by a syndicate of short sellers led by Isaac Le Maire, a former director. We reconstruct the forward trade between 1607 and 1611, the actions taken by the syndicate members, and the responses to these actions by the company. We argue that the bear syndicate members aimed for financial gain from share price declines, while their leader, Le Maire, participated for strategic reasons, that…
Economics (9 works) · Finance (9 works) · Political science (9 works) · Business (8 works) · Historical Economic and Social Studies (8 works) · Financial system (6 works) · Finance (5 works) · History (5 works) · Law (5 works) · Economic history (4 works)