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We study British commodity markets and the extent to which prices in these markets were integrated in the short-run and … serially correlated common feature. This common feature implies that Liverpool and London prices responded to common cyclical …
Persistent link: https://www.econbiz.de/10014048579
We study British commodity markets and the extent to which prices in these markets were integrated in the short-run and … serially correlated common feature. This common feature implies that Liverpool and London prices responded to common cyclical …
Persistent link: https://www.econbiz.de/10014048601
Using newly collected discount rate data for six Swiss cities, we find no evidence of increasing integration during a 30-year period of lightly regulated free banking. We attribute this to two structural issues: banks had incentives to protect their local monopolies, and the inherent instability...
Persistent link: https://www.econbiz.de/10015069683
Using newly collected discount rate data for six Swiss cities, we find no evidence of increasing integration during a 30-year period of lightly regulated free banking. We attribute this to two structural issues: banks had incentives to protect their local monopolies, and the inherent instability...
Persistent link: https://www.econbiz.de/10015062882
Persistent link: https://www.econbiz.de/10000423367
Persistent link: https://www.econbiz.de/10000035678
Persistent link: https://www.econbiz.de/10009310961
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