Integration of Trans-Atlantic Capital Markets, 1790–1845

Richard Eugene Sylla · Jack W. Wilson · Robert Eric Wright

66 citations0/0 files storedEuropean Finance Review

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Historical Economic and Social Studies Financial Markets and Investment Strategies Global Financial Crisis and Policies

Abstract

Abstract During the 1790s, European investors began to purchase substantial quantities of US government and corporate securities. A number of these securities were traded in markets on both sides of the Atlantic. Based on market price quotations we compiled for the same securities in London and New York markets, we ask if these early trans-Atlantic securities markets were integrated, and, if so, when they became integrated. We find little evidence of market integration before 1816, and substantial evidence of it thereafter. Financial globalization – the convergence of financial asset prices in markets on different continents – began earlier than most have suspected.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 66 citations exist upstream.

References

1989Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England 1873Lombard Street: A Description of the Money Market 1963A history of interest rates 1978A History of Interest Rates.2002When did globalisation begin?2003Globalization and Capital Markets 1991The Rise of Financial Capitalism 2001The Cash Nexus: Money and Power in the Modern World 1700-2000

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.