作者：University of Melbourne; University of Leeds
摘要：This article uses money order data to examine the determinants of British migrant remittances prior to 1914. Using panel data and cointegration analysis, it provides evidence of four distinct types of remittance behavior, lending support to Lucas and Stark's theory that remittances are driven by an implicit contract between remitter and remittee. The relative strengths of these different forms of remittance varied across the English-speaking world, with the largest differences occurring betwee...
作者：State University System of Florida; Florida International University
作者：University of Southern California; University of Kansas; National Bureau of Economic Research
作者：University of Massachusetts System; University of Massachusetts Amherst
作者：Hoag, C
摘要：The completion of the undersea Atlantic telegraph cable more closely integrated securities markets on two continents. This article conducts an event study on the introduction of the Atlantic Cable in July 1866. Using daily data on one security with a dual listing on the New York and London stock exchanges, the event study provides some evidence that the information lag between the two markets shortened from ten days to zero days. Cointegration analysis confirms the result. Historical markets p...
作者：Massachusetts Institute of Technology (MIT); Pompeu Fabra University; New York University
