The boats that did not sail: Asset Price Volatility and Market Efficiency in a Natural Experiment
收藏NBER2013-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18831
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资源简介：
What explains short-term fluctuations of stock prices? This paper exploits a natural experiment from the 18th century in which information flows were regularly interrupted for exogenous reasons. English shares were traded on the Amsterdam exchange and news came in on sailboats that were often
提供机构：
美国国家经济研究局
创建时间：
2013-02-01
