作者：University of California System; University of California Riverside
作者：Columbia University; University of Vermont
摘要：This article argues that one contributing factor to the Cuban Revolution of 1959 was the 1956 revision of U.S. sugar quotas. Its significance has been overlooked because its real economic impact was programmed to occur after 1959. Combining a statistical simulation and an event study of sugar companies' rates of return on equity, we show that the revision had adverse long-run consequences for sugar exports, and that forward-looking investors anticipated them and incorporated them into their va...
作者：University of Illinois System; University of Illinois Urbana-Champaign
作者：Utrecht University
摘要：The article analyzes the evolution of the Amsterdam capital market as a consequence of Dutch overseas expansion and the introduction of transferable VOC shares. Offering investors prospects of speculative gains without serious loss of liquidity, these instruments created a booming secondary market offering a wide range of allied credit techniques. By 1609 this market had become sufficiently strong to dictate terms for new public debt issues. These findings show that, contrary to commonly held ...
作者：Massachusetts Institute of Technology (MIT)
作者：University of Massachusetts System; University of Massachusetts Boston; Massachusetts Institute of Technology (MIT)
