The Paris Bourse and the international capital flows before 1914

Quennouëlle-Corre, Laure (2007): The Paris Bourse and the international capital flows before 1914.

Abstract

This study wanted to pinpoint the different securities transactions’ channels in France, which are quite specific compared to other countries.As a matter of fact, the Paris Bourse could not be well explained without the free market and the deposit banks'transactions. This organisation leads to a three pillar’s system, a specific feature of the Paris Bourse.Despite their disputes, the three intermediaries succeeded in working together and in maintaining fluent flows between the different channels. By this way, they enhanced the stability and the liquidity of the whole market.

• Item Type: MPRA Paper
• Language: English
• Keywords: Stock exchange, OTC market, international capital flows, financial regulation,tax policy
• Subjects: N - Economic History > N2 - Financial Markets and Institutions > N23 - Europe: Pre-1913; N - Economic History > N2 - Financial Markets and Institutions

References

Presented at the European Business History association Conference in Geneva, September 2007.