‪La Bourse de Lyon et les autres. Une première évaluation de la géographie des marchés financiers français au XIX e siècle‪

Jérémy Ducros and Angelo Riva

Revue d'économie industrielle, 2017, vol. n° 160, issue 4, 47-83

Abstract: ?This article aims to lay the foundations for a comparative history of French stock exchanges. It shows that the geography of the financial markets remained relatively stable between 1871 and 1913: based on the number of domestic listed companies, the development of Paris was not at the expense of regional stock markets, where Lyon acquired a leading role by doubling its weight both nationally and regionally. The relative stability of relations between Paris and the province and Lyon?s boom were the result of an institutional dynamic shaped by the competitive relations between financial centers and changes in the regulation of stock exchanges. This dynamic prevented the centralization of issuers in the dominant market, the Paris Stock Exchange, as predicted by the main theoretical literature.?

Keywords: France; stock exchanges; nineteenth century; Lyon Stock Exchange; Paris Stock Exchange; Coulisse; geography; competition (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REI_160_0047 (application/pdf)
http://www.cairn.info/revue-d-economie-industrielle-2017-4-page-47.htm (text/html)
free

Related works:
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:cai:reidbu:rei_160_0047

Access Statistics for this article

More articles in Revue d'économie industrielle from De Boeck Université
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().