This paper examines the historical record of the financial crises that have often accompanied surges of globalization in the past. The issue of contagion, the spread of financial turbulence from the crisis center to its trading partners, is confronted with historical and statistical evidence on...

The integration of the former communist countries of central and eastern Europe into the European Union creates a dilemma for the EU's regional policy. The EU's expenditure on regional policy (its 'active' regional policy) has been guided by political reactions to deepening or enlarging the EU,...

Business history forces historians and economists to take a wider view of individuals' actions as economic agents. The risk-managing strategies of Lord Londonderry (also known as 'the Money Pitt') during the financial boom and bust of the South Sea Bubble illustrate this theme well. He dealt in...

The integration of the former communist countries of central and eastern Europe into the European Union will create a dilemma for the EU's regional policy. The EU's expenditure on regional policy (which we term its "active" regional policy) was guided by political reactions on deepening and...

Using two sources, Bank of England Transfer Books and Stock Ledgers, this article explores the nature of the customer base for Bank shares during and after the South Sea Bubble. This examination uncovers the nature of individual participation in this early capital market. The Transfer Ledgers...

This paper examines the historical record of the financial crises that have often accompanied surges of globalization in the past. The issue of contagion, the spread of financial turbulence from the crisis center to its trading partners, is confronted with historical and statistical evidence on...

A surge in orders during the stock market boom of the late 1920s collided against the constraint created by the fixed number of brokers on the New York Stock Exchange. Estimates of the determinants of individual stock bid-ask spreads from panel data reveal that spreads jumped when volume spiked,...