The Financial History of Emerging Markets: New Indices

Abstract

New indices are provided for ten emerging markets. Using data from companies listed in London and New York in the 1800s and 1900s, new stock market indices are produced and discussed providing information on companies in Turkey, Egypt, Cuba, China, Singapore, South Africa, Argentina, Brazil, Mexico and India. The papers provide a better long-term understanding of the performance of those countries' economies since the papers cover the period before stock markets existed in those countries.

Keywords: stock markets, equity risk premium, emerging markets, government debt, financial markets, returns to stocks, bonds and bills

JEL Classification: G01, E32, E44, N20, N80, G12, G15, 05,054,055, N25, N26, N27