The Crisis of 1873: Perspectives from Multiple Asset Classes.
This article analyzes asset pricing behavior during the period leading up to the Crisis of 1873. Evidence is presented that equities, options, and bonds priced risks consistently, suggesting that investors were actively monitoring the risk of investing and were not caught up in an irrational, specul...
| Publicado en: | Journal of Economic History Vol. 68; no. 3; pp. 722 - 758 |
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| Formato: | Artículo |
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Cambridge University Press
September 2008
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| Acceso en línea: | Ver este registro en EBSCOhost |