Author:
Carlos Ann M.,Key Jennifer,Dupree Jill L.
Abstract
In this article we use a unique source—a 30-year time series of the share transactions of two joint-stock companies—to examine the growth of the London capital market prior to and immediately after the Glorious Revolution. We argue that the London experience with open capital markets was not solely the result of 1689. Rather it was the learning by private individuals and goldsmith bankers which took place in the decades before 1689 that allowed the market to take full advantage of the property rights changes which occurred with the change in regimes.
Publisher
Cambridge University Press (CUP)
Subject
Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,History
Reference22 articles.
1. International Risk Sharing and Economic Growth
2. Carlos Ann M. , and Key Jennifer . “The Firm as a Nexus of Contracts.” Working Paper, Department of Economics, University of Colorado, 1997.
3. Joint-Stock Investment in the Later Seventeenth Century
4. The Decline of the Royal African Company: Fringe Firms and the Role of the Charter;Carlos;Economic History Review,1996
Cited by
38 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