Stefano Baia Curioni and Luca Fantacci assess the contribution of telegraphy to Italy's financial-market integration between 1890 and 1910. They find Italian bond markets converging with each other and with the Paris exchange over time, suggesting a role for improved communications, but conclude that integration between stock markets depended primarily upon the changing volatility of securities.

Telegraphy and new financial procedures

BAIA CURIONI, STEFANO;FANTACCI, LUCA
2004

Abstract

Stefano Baia Curioni and Luca Fantacci assess the contribution of telegraphy to Italy's financial-market integration between 1890 and 1910. They find Italian bond markets converging with each other and with the Paris exchange over time, suggesting a role for improved communications, but conclude that integration between stock markets depended primarily upon the changing volatility of securities.
9788885658219
Communication and its lines : Telegraphy in the 19th century among economy, politics and technology
BAIA CURIONI, Stefano; Fantacci, Luca
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11565/1852191
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