The London Stock Exchange, 1869–1929: New Statistics for Old?
8 Pages Posted: 10 Oct 2018
Date Written: November 2018
Newly assembled datasets on the size and composition of the London Stock Exchange present some results contradicting conventional wisdom. A forensic examination of one study of corporate equities in the Investor's Monthly Manual between 1869 and 1929 suggests both idiosyncratic mistakes and generic biases that limit the usefulness of this source.
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