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

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dc.contributor.authorCorbet, Shaen
dc.contributor.authorO'Connor, Fergal
dc.date.accessioned2020-07-31T12:02:51Z
dc.date.available2020-07-31T12:02:51Z
dc.date.issued2020-06-02
dc.date.updated2020-07-31T11:57:13Z
dc.description.abstractThis 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.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationCorbet, 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.2020.101626en
dc.identifier.doi10.1016/j.frl.2020.101626en
dc.identifier.issn1544-6123
dc.identifier.journaltitleFinance Research Lettersen
dc.identifier.urihttps://hdl.handle.net/10468/10348
dc.language.isoenen
dc.publisherElsevier 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.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectHistorical dataen
dc.subjectInformation flowsen
dc.subjectPrice discoveryen
dc.subjectSilveren
dc.titleWhere was the global price of silver established? Evidence from London and New York (1878-1953)en
dc.typeArticle (peer-reviewed)en
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