Where was the global price of silver established? Evidence from London and New York (1878-1953)

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dc.contributor.author Corbet, Shaen
dc.contributor.author O'Connor, Fergal
dc.date.accessioned 2020-07-31T12:02:51Z
dc.date.available 2020-07-31T12:02:51Z
dc.date.issued 2020-06-02
dc.identifier.citation Corbet, S. and O'Connor, F. (2020) 'Where was the global price of silver established? Evidence from London and New York (1878-1953)', Finance Research Letters. doi: 10.1016/j.frl.2020.101626 en
dc.identifier.issn 1544-6123
dc.identifier.uri http://hdl.handle.net/10468/10348
dc.identifier.doi 10.1016/j.frl.2020.101626 en
dc.description.abstract This paper utilises a newly compiled, unique data set of silver prices for the London and New York markets, as well as the monthly Dollar-Sterling exchange rate from 1878 and 1953 to investigate the source and flows of information and price discovery. Results indicate that London was the dominant market and pricing leader of silver throughout the period analysed. Further evidence suggests that there existed dynamic information flows both within years and decades. These phenomena can be explained due to the use of silver for agricultural market payments and international silver production flows respectively. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Elsevier B.V. en
dc.rights © 2020, Elsevier B.V. All rights reserved. This manuscript version is made available under the CC BY-NC-ND 4.0 license. en
dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/ en
dc.subject Historical data en
dc.subject Information flows en
dc.subject Price discovery en
dc.subject Silver en
dc.title Where was the global price of silver established? Evidence from London and New York (1878-1953) en
dc.type Article (peer-reviewed) en
dc.internal.authorcontactother Fergal O'Connor, Economics, University College Cork, Cork, Ireland. +353-21-490-3000 Email: fergal.oconnor@ucc.ie en
dc.internal.availability Full text available en
dc.check.info Access to this article is restricted until 24 months after publication by request of the publisher. en
dc.check.date 2022-06-02
dc.date.updated 2020-07-31T11:57:13Z
dc.description.version Accepted Version en
dc.internal.rssid 519168442
dc.description.status Peer reviewed en
dc.identifier.journaltitle Finance Research Letters en
dc.internal.copyrightchecked Yes
dc.internal.licenseacceptance Yes en
dc.internal.IRISemailaddress fergal.oconnor@ucc.ie en
dc.internal.bibliocheck In press. Check vol / issue / page range. Amend citation as necessary. en


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© 2020, Elsevier B.V. All rights reserved. This manuscript version is made available under the CC BY-NC-ND 4.0 license. Except where otherwise noted, this item's license is described as © 2020, Elsevier B.V. All rights reserved. This manuscript version is made available under the CC BY-NC-ND 4.0 license.
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