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| Author: | Lobell, H. |
| Title: | Integration and efficiency in the foreign exchange market in Sweden 1834-1880 |
| Journal: | Scandinavian economic history review
2004 : VOL. 52:1, p. 7-18 |
| Index terms: | Foreign exchange Markets Efficiency Integration History Scandinavia Nordic countries Sweden |
| Language: | eng |
| Abstract: | This article explores the process of market integration and enhanced market efficiency of the Swedish foreign exchange market between 1843 and 1880. New data from two different markets are analyzed with a 'rolling regression' technique. The results indicate that the markets were highly integrated in the 1840s. Nevertheless, the markets were further integrated in a steady pace btw. 1843 and 1880. |
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