Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7349571 | Economics Letters | 2018 | 12 Pages |
Abstract
Applying the methods of Phillips et al. (2015, PSY), while considering the possibility of non-stationary volatility (Harvey et al., 2016), evidence of exuberance in share prices is confirmed for the South Sea Company, and established for a number of other 18th century financial organisations, for the first time. The timings of these bubble episodes show signs of possible contagion.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yang Hu, Les Oxley,