Research Commons
      • Browse 
        • Communities & Collections
        • Titles
        • Authors
        • By Issue Date
        • Subjects
        • Types
        • Series
      • Help 
        • About
        • Collection Policy
        • OA Mandate Guidelines
        • Guidelines FAQ
        • Contact Us
      • My Account 
        • Sign In
        • Register
      View Item 
      •   Research Commons
      • University of Waikato Research
      • Management
      • Management Papers
      • View Item
      •   Research Commons
      • University of Waikato Research
      • Management
      • Management Papers
      • View Item
      JavaScript is disabled for your browser. Some features of this site may not work without it.

      Exuberance in historical stock prices during the Mississippi and South Seas bubble episodes

      Hu, Yang; Oxley, Les
      Thumbnail
      Files
      Oxley - WP - Exuberance in historical stock prices during the Mississippi and South Seas bubble episodes'.pdf
      Published version, 1.700Mb
      Citation
      Export citation
      Hu, Y., & Oxley, L. (2017). Exuberance in historical stock prices during the Mississippi and South Seas bubble episodes (Department of Economics Working Paper Series). Waikato Management School, the University of Waikato.
      Permanent Research Commons link: https://hdl.handle.net/10289/11511
      Abstract
      The Mississippi Bubble and the South Sea Bubble are the two most famous and earliest episodes in the history of speculation, which can be dated back to the eighteenth century. Unlike most studies focus on some recent financial bubble footprints, we pay special attention to the most remarkable events in 1720. We empirically test for evidence of exuberance in historical stock prices of the Mississippi Company and the South Sea Company during the well-documented Mississippi Bubble and South Sea Bubble episodes, respectively. The right-tailed unit root test of Phillips, Shi and Yu (2015, PSY) is utilised in this paper. In addition, contagion in these historical markets is also considered.
      Date
      2017
      Type
      Working Paper
      Series
      Department of Economics Working Paper Series
      Report No.
      17/08
      Publisher
      Waikato Management School, the University of Waikato
      Rights
      © 2017 The Authors
      Collections
      • Management Papers [1090]
      Show full item record  

      Usage

      Downloads, last 12 months
      33
       
       

      Usage Statistics

      For this itemFor all of Research Commons

      The University of Waikato - Te Whare Wānanga o WaikatoFeedback and RequestsCopyright and Legal Statement