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The First 50 Years of the US Stock Market : New Evidence on Investor Total Return Including Dividends, 1793-1843
McQuarrie, Edward F. - 2018
Little is known about the performance of the US stock market before 1802, and evidence for the years following 1802 through the 1830s remains scanty. This paper describes a new database on total returns in the US stock market for the first fifty years of its existence, constructed in large part...
Persistent link: https://www.econbiz.de/10012915362
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Economic Effects of Runs on Early ‘Shadow Banks’ : Trust Companies and the Impact of the Panic of 1907
Frydman, Carola - 2012
We use the unique circumstances that led to the Panic of 1907 to analyze its consequences for non …-financial corporations. The onset of the panic occurred following a series of scandalous revelations about the investments of prominent … stock price, and performed worse in the years following the panic: they earned fewer profits and paid fewer dividends, and …
Persistent link: https://www.econbiz.de/10013103266
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Can a lender of last resort stabilize financial markets? : Lessons from the founding of the Fed
Bernstein, Asaf; Hughson, Eric; Weidenmier, Marc D. - 2008
Persistent link: https://www.econbiz.de/10003770634
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Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed
Bernstein, Asaf - 2008
last resort can stabilize financial markets. Following the Panic of 1907, Congress passed two measures that established a …
Persistent link: https://www.econbiz.de/10012769641
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Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed
Bernstein, Asaf - 2008
last resort can stabilize financial markets. Following the Panic of 1907, Congress passed two measures that established a …
Persistent link: https://www.econbiz.de/10012464225
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Monetary Shocks, Policy Tools and Financial Firm Stock Returns : Evidence from the 2008 U.S. Quantitative Easing
Ashraf, Ali - 2017
We extend the work of Bernanke and Kuttner (2005) by examining the impact of monetary shocks and policy tools on aggregate stock and bond returns as well as the stock returns of financial institutions during the recent period of Quantitative Easing (QE) in the U.S. Specially, we test for the...
Persistent link: https://www.econbiz.de/10012959685
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A panic analysis of stock prices : new evidence for industrialized countries
Oto-Peralías, Daniel; Romero-Ávila, Diego; Usabiaga … - In: Revista de economía aplicada : publicación cuatrimestral 22 (2014) 64, pp. 59-84
Persistent link: https://www.econbiz.de/10010370665
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The US treasury's capital purchase program : treasury's selectivity and market returns across weak and healthy banks
Carow, Kenneth A.; Salotti, Valentina - In: The journal of financial research 37 (2014) 2, pp. 211-241
Persistent link: https://www.econbiz.de/10010412372
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A Re-Examination of Stock Market Returns from 1871-1897 : Did Cowles Get It Right?
McQuarrie, Edward F. - 2020
Siegel (2014), Shilling (2015) and others rely on the work of Alfred C. Cowles to capture US stock market returns before 1926. Cowles in turn relied on Frederick Macaulay's work for data on railroad stocks during this era. This study attempts to re-construct Cowles' index from the ground up, by...
Persistent link: https://www.econbiz.de/10012838294
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Deflation and Reflation : The Pre-WW I Impact on NYSE Trading Volumes and Seat Prices
Wilson, Berry K. - 2015
The study analyzes a unique time period of sustained deflation from 1867 to 1896, followed by sustained reflation after 1896. We use these periods to test two hypotheses concerning the impact on NYSE trading volumes and seat prices. The first is the “liquidity-trading” hypothesis, which...
Persistent link: https://www.econbiz.de/10013018854