Frehen, Rik G.P.; Goetzmann, William N.; Geert … - In: Journal of Financial Economics 108 (2013) 3, pp. 585-607
The Mississippi Bubble, South Sea Bubble and the Dutch Windhandel of 1720 together represent the world's first global financial bubble. We hand-collect cross-sectional price data and investor account data from 1720 to test theories about market bubbles. Our tests suggest that innovation was a...
