A monthly stock exchange index for Ireland, 1864–1930

Richard Grossman, Ronan Lyons (), Kevin O'Rourke and Madalina A. Ursu

European Review of Economic History, 2014, vol. 18, issue 3, 248-276

Abstract: This paper constructs new monthly Irish stock market price indices for 1864–1930. In addition to a total market index covering 118 equity securities issued by ninety-four companies, sectoral indices are presented for railways, financial services companies, and "other" companies. Nominal equity prices doubled between 1864 and 1898. Between the turn of the century and 1914, prices fell by 25 percent, in contrast to the price increases experienced on the London exchange. Overall, the average annual gain in equity prices over the period was just 0.9 percent. We speculate about the respective roles of Irish politics and international shocks in driving these trends.

Date: 2014
References: View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://hdl.handle.net/10.1093/ereh/heu010 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: A monthly stock exchange index for Ireland, 1864-1930 (2013)
Working Paper: A Monthly Stock Exchange Index for Ireland, 1864‐1930 (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ereveh:v:18:y:2014:i:3:p:248-276.

Access Statistics for this article

European Review of Economic History is currently edited by Christopher M. Meissner, Steven Nafziger and Alessandro Nuvolari

More articles in European Review of Economic History from European Historical Economics Society
Bibliographic data for series maintained by Oxford University Press ().