Exuberance in Historical Stock Prices during the Mississippi and South Seas Bubble Episodes

Yang Hu and Les Oxley

Working Papers in Economics from University of Waikato

Abstract: Applying the methods of Phillips, Shi and Yu (2015, PSY), evidence of exuberance in share prices is confirmed for the Mississippi Company and South Sea Company, and for a number of other 18th century financial organisations, for the first time. There are signs of possible contagion in these historical shares.

Keywords: exuberance; GSADF test; bubble; South Sea; Mississippi (search for similar items in EconPapers)
JEL-codes: C12 N2 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2017-07-17
New Economics Papers: this item is included in nep-fmk and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:wai:econwp:17/08

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