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Technological revolutions and speculative finance : evidence from the British Bicycle Mania

Quinn, William A. - In: Cambridge journal of economics 43 (2019) 2, pp. 271-294

Persistent link: https://www.econbiz.de/10012102394

Technological revolutions and speculative finance: Evidence from the British Bicycle Mania

Quinn, William - 2016

innovation-driven British Bicycle Mania of 1895-1900, in which cycle share prices rose by over 200 per cent before collapsing by … that new technology, high short-term profits, and loose monetary conditions increase the level of speculative investment …

Persistent link: https://www.econbiz.de/10011569496

Squeezing the bears : cornering risk and limits on arbitrage during the ‘British Bicycle Mania’, 1896-1898

Quinn, William - 2016

Can limits to arbitrage explain historical asset price reversals? During the "British Bicycle Mania" of 1896-1898, cycle share prices rose by 200 per cent before falling 76 per cent from their peak value. This paper argues that arbitrage during this episode was limited by the risk of being...

Persistent link: https://www.econbiz.de/10011555750

Media coverage and stock returns on the London Stock Exchange, 1825-70

Turner, John D.; Ye, Qing; Walker, Clive B. - 2016

News media plays an important role in modern financial markets. In this paper, we analyse the role played by the news media in an historical financial market. Using The Times's coverage of companies listed on the London stock market between 1825 and 1870, we examine the determinants of media...

Persistent link: https://www.econbiz.de/10011458919

On the Fintech Revolution : Interpreting the Forces of Innovation, Disruption and Transformation in Financial Services

Gomber, Peter - 2018

technology innovations, and process disruptions. The industry as a whole, and many new fintech start-ups are looking for new … Revolution” is at stake. This article presents a new fintech innovation mapping approach that enables the assessment of the …) operations management in financial services, and the changes that are occurring there; (2) technology innovations that have begun …

Persistent link: https://www.econbiz.de/10012917586

Forecast based pricing of weather derivatives

Härdle, Wolfgang; López Cabrera, Brenda; Ritter, Matthias - 2012

Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...

Persistent link: https://www.econbiz.de/10009511156

Forecast Based Pricing of Weather Derivatives

Härdle, Wolfgang K. - 2017

Persistent link: https://www.econbiz.de/10012966324

Forecast based pricing of weather derivatives

Härdle, Wolfgang Karl; López-Cabrera, Brenda; Ritter, … - 2012

Persistent link: https://www.econbiz.de/10010281602

Who financed the expansion of the equity market? : shareholder clienteles in Victorian Britain

Acheson, Graeme G.; Campbell, Gareth; Turner, John D. - 2015

Who financed the great expansion of the Victorian equity market, and what attracted them to invest? Using data on 453 firm-years and over 172,000 shareholders, we find that the largest providers of capital were rentiers, men with no formal occupation who relied on investment income. We also see...

Persistent link: https://www.econbiz.de/10011350724

What moved share prices in the nineteenth-century London stock market?

Campbell, Gareth; Quinn, William; Turner, John D.; Ye, Qing - 2015

Using a new weekly blue-chip index, this paper investigates the causes of stock price movements on the London market between 1823 and 1870. We find that economic fundamentals explain about 15 per cent of weekly and 34 per cent of monthly variation in share prices. Contemporary press reporting...

Persistent link: https://www.econbiz.de/10011326615

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