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Author:Flandreau, M.
Title:Home biases, nineteenth century style
Journal:Journal of the European Economic Association
2006 : MAY, VOL. 4:2-3, p. 634-643
Index terms:capital
colonialism
Language:eng
Abstract:This article discusses the existence of biases in the 19th-century global capital market.The authors argue that colonies appear to have received a disproportionate ammount of capital from their metropolises. The authors conclude that the greater facility with which capital migrated internationally owed largely to the fact that colonies being like the regions of modern countries, so the international financial integration was home based.
SCIMA record nr: 262743
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