|COOKIES: By using this website you agree that we can place Google Analytics Cookies on your device for performance monitoring.|
Stock market development in Germany: 1869-1925
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:
Note that ex-directory lists are not shown.
Other listsCentre for Trophoblast Research EPRG Energy and Environment (E&E) Series Easter 2012 Enterprise Tuesday 2012/2013
Other talksUncovering the genomic landscape of speciation through population-level resequencing of two Aquilegia species Real wages and the household: Quantifying the economy of makeshifts of the poor in 18th-century England Designing for Urban Microclimates: from Comfort Optimization to UHI Mitigation Motor action in semiflexible networks Mt Erebus, Antarctica; Understanding the world's southernmost active volcano Advances in MDCT of the pancreas