The Integration and Efficiency of the London and Amsterdam Stock Markets in the Eighteenth Century

Author:

Neal Larry

Abstract

This article explores the operation of the international capital market between Amsterdam and London in the early eighteenth century and concludes that both markets were efficient and well integrated from 1723 on.

Publisher

Cambridge University Press (CUP)

Subject

Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,History

Reference52 articles.

1. Time-series purists will object that any irregularity in the timing of the observations violates the assumptions of the statistical technique and so the irregular appearance of the Courant rules it out for time-series analysis. Given the frequency of religious holidays in the eighteenth century even in Protestant Amsterdam and London, however, a case can be made that the irregularities in its appearance reflect precisely irregularities in trading activity on the Effectenbeurs. It is the market activity, after all, that is the underlying process, not the appearance of the newspaper.

2. Recursive estimation of mixed autoregressive-moving average order

3. and his “Dutch Investment in Eighteenth Century England,” Economic History Review, 2nd ser. 12 (Apr. 1960), pp. 434–39. Van Dillen's works have been cited earlier.

4. The Amsterdam on London exchange rate was given in Dutch schellingen and penningen banco per English pound. Each Dutch schelling contained 12 penningen.

5. The Huguenot Contribution to the Early Years of the Funded Debt, 1694–1714;Proceedings of the Huguenot Society of London,1955

Cited by 59 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3