dc.contributor.author | Murphy, Anne L | en_GB |
dc.date.accessioned | 2007-11-26T11:06:38Z | en_GB |
dc.date.accessioned | 2011-01-25T10:52:23Z | en_GB |
dc.date.accessioned | 2013-03-20T14:11:41Z | |
dc.date.issued | 2007-11-26T11:06:38Z | en_GB |
dc.description.abstract | This article uses data from the ledgers of the financial broker Charles Blunt to explore the
market in equity options that emerged in London during the stock market boom of the early
1690s. Blunt’s ledgers provide a unique opportunity to observe the workings of an early
modern derivatives market. They reveal a broadly based and highly active trade in options.
The market functioned well, determined value using agreed criteria, and was utilised by a
diverse range of individuals to facilitate both risk-seeking and risk-averse investment
strategies. | en_GB |
dc.description.sponsorship | ESRC grant numbers PTA-030-2002-00367 and PTA-026-27-0997 | en_GB |
dc.format.extent | 367700 bytes | en_GB |
dc.format.mimetype | application/pdf | en_GB |
dc.identifier.citation | The Economic History Review, Volume 62, pp.8–30, August 2009 | en_GB |
dc.identifier.doi | 10.1111/j.1468-0289.2008.00454.x | en_GB |
dc.identifier.uri | http://hdl.handle.net/10036/14718 | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | Wiley-Blackwell Publishing | en_GB |
dc.relation.url | http://www.blackwell-synergy.com/loi/EHR | en_GB |
dc.subject | options | en_GB |
dc.subject | stock market | en_GB |
dc.subject | investment | en_GB |
dc.title | Trading options before Black-Scholes: a study of the market in late-seventeenth-century London | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2007-11-26T11:06:38Z | en_GB |
dc.date.available | 2011-01-25T10:52:23Z | en_GB |
dc.date.available | 2013-03-20T14:11:41Z | |
dc.identifier.issn | 0013-0117 | en_GB |
dc.date.submitted | 2007 | en_GB |
dc.description | Accepted for publication in the Economic History Review in 2007. | en_GB |
dc.identifier.journal | The Economic History Review | en_GB |