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Although it has been well established that financial volatility is related to news and macroeconomic shocks, there has been less emphasis on the importance of underlying economic and political stability. In this paper we study the behavior of consol returns since 1729 and identify a...
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The Italian credit and financial system was the result of progressive developments that accelerated during the process of Italian unification. Our essay analyses the role of local private bankers in modernizing the economic and financial system of the country and the way in which the gradual...
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colonies, especially in Africa. Notwithstanding China's long and rich history, its long-term effect on modern day development …
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Financial history studies facts and institutions of the past. Such facts and institutions are interesting subjects in … themselves, or they can help us interpret the present through analogy. History & Finance reverses the role of history in finance … long-run persistence of economic and social phenomena. I first define the History & Finance approach and its relationship …
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