Stock market development in Germany: 1869-1925

Add to your list(s) Download to your calendar using vCal

• Dr Carsten Burhop, MPI for Research on Collective Goods
• Monday 13 December 2010, 17:00-19:00
• Lucia Windsor Room, Newnham College.

If you have a question about this talk, please contact D'Maris Coffman.

The German financial system is typically considered to be bank-based financial system. Yet, recent research shows that the relevance of bank credits for corporate finance declined during the late 19th and early 20th century. Moreover, it has been suggested that banks nonetheless remained important financial intermediaries since they acted as gatekeepers to the stock market. We show that a large stock market developed in Germany between the 1870s and World War I. Moreover, we demonstrate that banks were indeed important intermediaries between corporations going public and investors. To support our hypothesis, we present newly collected data about the number and value of firms listed in Germany at various points in time between 1869 and 1925.

This paper is joint work with Sibylle Lehmann. Those interested in joining us for dinner should contact ddc22.

This talk is part of the Financial History Seminar series.

This talk is included in these lists:

• AUB_Cambridge Seminars
• CERF and CF Events
• CamTalks
• Centre for Health Leadership and Enterprise
• Chris Davis' list
• Darwin Lectures and Seminars
• Economic and Social History Seminars
• Economics and Philosophy
• Financial History Seminar
• Lucia Windsor Room, Newnham College
• Neurons, Fake News, DNA and your iPhone: The Mathematics of Information
• history

Note that ex-directory lists are not shown.