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A social network for trade and inventories of stock during the South Sea Bubble
Item metadata
dc.contributor.author | Mays, Andrew | |
dc.contributor.author | Shea, Gary S | |
dc.date.accessioned | 2013-08-27T13:31:02Z | |
dc.date.available | 2013-08-27T13:31:02Z | |
dc.date.issued | 2012-03 | |
dc.identifier | 11773896 | |
dc.identifier | 8b60b140-25ed-4129-8050-edd1811c7af9 | |
dc.identifier.citation | 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 . | en |
dc.identifier.uri | https://hdl.handle.net/10023/4006 | |
dc.description.abstract | 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. | |
dc.format.extent | 47 | |
dc.format.extent | 327166 | |
dc.language.iso | eng | |
dc.relation.ispartofseries | CDMA Working Paper | en |
dc.subject | Weighted multidigraph | en |
dc.subject | Flow network | en |
dc.subject | Financial intermediation | en |
dc.subject | Brokerage | en |
dc.subject | HC Economic History and Conditions | en |
dc.subject.lcc | HC | en |
dc.title | A social network for trade and inventories of stock during the South Sea Bubble | en |
dc.type | Working or discussion paper | en |
dc.contributor.institution | University of St Andrews. School of Economics and Finance | en |
dc.contributor.institution | University of St Andrews. Centre for Dynamic Macroeconomic Analysis | en |
dc.identifier.url | http://ideas.repec.org/p/san/cdmawp/1110.html | en |
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