The Berlin Bourse in the London mirror: An asymmetric comparison of microstructures and the role of Germany's large banks in securities trading, c. 1860-1914
No 01-18, IBF Paper Series from IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main
This article provides the first in-depth account on the organisational history of the Berlin Bourse based on archival evidence. It demonstrates that the microstructures of the Berlin Bourse basically corresponded to the needs and activities of the largest commercial banks and, consequently, argues that these large banks played a 'gatekeeping' role in securities trading. Moreover, the Berlin example perfectly illustrates the close ties which existed between banks and financial markets and the resulting amalgamation of banking and stock-broking activities in imperial Germany. The comparison to the London Stock Exchange also shows that both stock exchanges fulfilled different economic roles within the overall financial system.
JEL-codes: N20 N23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:zbw:ibfpps:0118
Access Statistics for this paper
More papers in IBF Paper Series from IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().