Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5069037 | Explorations in Economic History | 2007 | 19 Pages |
Abstract
This paper examines the course of the value of the paper money issued by the Republic of Texas in New Orleans, from 1837 to 1842, using a newly-constructed weekly time series of quotations, and focusing on the possibility of market manipulation. Specifically, during 1841, misleading information concerning a possible foreign loan reached New Orleans three different times. The first time, the information substantially raised the value of Texas Treasury Notes. The second time, the information raised the value, but to a lesser extent. The third time, the information had no impact.
Related Topics
Social Sciences and Humanities
Arts and Humanities
History
Authors
Gary M. Pecquet, Clifford F. Thies,