A social network for trade and inventories of stock during the South Sea Bubble
MetadataShow full item record
Altmetrics Handle Statistics
A social network of stock trading is defined for the notorious South Sea Bubble. Complete market trade in East India Company and Bank of England shares is described in a flow network. Intermediation is treated as a form of network centrality, which can be analysed using measures of pass-through, inventories and immediacy. New features of the South Sea Bubble are documented: i) the crisis suffered by goldsmith bankers may have pre-dated the Bubble; ii) yet the depth and immediacy of intermediation was maintained throughout the Bubble; iii) a gradual trend towards dis-intermediation occurred after the Bubble and iv) a there was a switch from intermediation based upon brokerage to intermediation based upon dealership.
Mays , A & Shea , G S 2012 ' A social network for trade and inventories of stock during the South Sea Bubble ' CDMA Working Paper , no. 1110 .
Working or discussion paper
This is a revised version of this paper (c) 2012 the authors
Items in the St Andrews Research Repository are protected by copyright, with all rights reserved, unless otherwise indicated.