Irish Land Bonds: 1891-1938

Nathan Foley-Fisher and Eoin McLaughlin

Edinburgh School of Economics Discussion Paper Series from Edinburgh School of Economics, University of Edinburgh

Abstract: This paper introduces a new database on Irish land bonds listed on the Dublin Stock Exchange from 1891 to 1938: it outlines the nature of these bonds and presents data on their size, liquidity and market returns. These government-guaranteed bonds arose during a period when the possibility of Irish secession from the United Kingdom appeared ever more likely, and were used to finance the transfer of land ownership from landlords to tenants in Ireland (North & South). Movements in the prices of these bonds can help to understand how financial markets responded to events in the early economic and political history of the Irish Free State, including Irish partition, Independence, Civil War and de facto default. Understanding these issues has contemporary relevance for regions in Spain (Catalonia, Euskadi), Great Britain (Scotland) and Belgium (Flanders).

Keywords: Irish economic history; land reform; land bonds; Dublin Stock Exchange (search for similar items in EconPapers)
JEL-codes: G15 N23 N24 N53 N54 (search for similar items in EconPapers)
Pages: 35
Date: 2013-12
New Economics Papers: this item is included in nep-his
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http://www.econ.ed.ac.uk/papers/id239_esedps.pdf

Related works:
Working Paper: Irish land bonds: 1891-1938 (2014)
Working Paper: Irish Land Bonds: 1891-1938 (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:edn:esedps:239

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