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Persistent link: https://www.econbiz.de/10008790073
Cet article vise à analyser l’évolution de la discipline « histoire économique », qui se situe aux frontières de deux disciplines aux préoccupations, méthodes et objectifs de plus en plus divergents. Si la science économique se situe – ou souhaite se situer – de plus en plus dans...
Persistent link: https://www.econbiz.de/10008544664
This paper introduces a new database on Irish land bonds listed on the Dublin Stock Exchange from 1891 to 1938. It outlines the nature of these bonds and presents data on their size, liquidity and market returns. These government-guaranteed bonds arose during a period when the possibility of...
Persistent link: https://www.econbiz.de/10010235910
The London Stock Exchange was the largest capital market in the world at the beginning of the twentieth century, but Britain also had numerous other stock markets based in provincial cities and towns. This paper provides the first in-depth quantitative assessment of these markets. We find that...
Persistent link: https://www.econbiz.de/10011477275
How are political events reflected in financial asset prices? Break points in sovereign debt prices are analyzed for Denmark, Norway, Finland, Sweden, Germany and Belgium during 1930-1948, using unique data from the Stockholm Stock Exchange. Unlike in countries involved in WWII, this market was...
Persistent link: https://www.econbiz.de/10001638243
This paper aims to answer the question if and how much the foreign investors influence the boom and bust of small stock exchanges. It examines the impact of the foreign investors' turnover towards small stock exchange turnover, particularly the Macedonian Stock Exchange. Based on the Macedonian...
Persistent link: https://www.econbiz.de/10013101442
This paper presents a new monthly value-weighted, all-share total return index for the Finnish stock market. The index covers the period from the establishment of the Helsinki Stock Exchange in October 1912 to the beginning of 1970, after which the WI index by Berglund et al (1983) and later in...
Persistent link: https://www.econbiz.de/10013153613
This paper provides a long-term demographic analysis of the principal members of the population of companies quoted on the UK stock exchanges in 1948. Motivated by theories of natural selection and of corporate governance, it traces the survival records of the 1948 population over the biblical...
Persistent link: https://www.econbiz.de/10012866207
Brexit poses an existential challenge the City of London as a European and global financial centre. The withdrawal of ‘passporting’ threatens the ability of financial institutions in London to sell services to customers in the EU, and this has prompted many predictions of London’s...
Persistent link: https://www.econbiz.de/10011941846
Using a novel dataset where all traders are identifiable, we examine trading in the shares of a major company on the London Stock Exchange before 1920. Our main finding is that bid-ask spreads increased in the presence of informed trades. However, we also find that spreads narrowed during...
Persistent link: https://www.econbiz.de/10011817838