EconStor >
Humboldt-Universität zu Berlin >
Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/25132
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorVolckart, Oliveren_US
dc.date.accessioned2006-10-05en_US
dc.date.accessioned2009-07-23T14:43:59Z-
dc.date.available2009-07-23T14:43:59Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/25132-
dc.description.abstractIn this paper, the influence of information costs on the integration of Northern European financial markets between ca. 1350 and 1560 is explored. The approach is based on splitting information costs into their constitutive components and on measuring one of these, i.e. the costs of transmitting information, which have particular importance for market integration. The analysis has two main results: First, under pre-industrial conditions, when transmitting information was extremely labour intensive and very little capital intensive, transmission costs can be largely identified with labour costs, and were subject to the same influences. Next, the integration of financial markets depended crucially on the level of transmission costs, high costs being strongly and significantly correlated with weak integration, while lower costs favoured convergence.en_US
dc.language.isoengen_US
dc.publisherSFB 649, Economic Risk Berlinen_US
dc.relation.ispartofseriesSFB 649 discussion paper 2006,049en_US
dc.subject.jelE44en_US
dc.subject.jelF31en_US
dc.subject.jelF36en_US
dc.subject.jelN24en_US
dc.subject.ddc330en_US
dc.subject.keywordFinancial marketsen_US
dc.subject.keywordintegrationen_US
dc.subject.keywordinformation costsen_US
dc.subject.keywordeconomic historyen_US
dc.titleThe influence of information costs on the integration of financial markets: Northern Europe, 1350-1560en_US
dc.typeWorking Paperen_US
dc.identifier.ppn518431819en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:SFB 649 Discussion Papers, HU Berlin

Files in This Item:
File Description SizeFormat
518431819.PDF584.32 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.