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Trading options before Black-Scholes : a study of the market in late seventeenth-century London
This article uses data from the ledgers of the financial broker Charles Blunt to explore the market in equity options that emerged in London during the stock market boom of the early 1690s. Blunt's ledgers provide a unique ...
The origins of the English financial markets : investment and speculation before the south sea bubble
(Cambridge University Press, 2009)
In English financial history, the late 1600s was a critical period. Many joint-stock companies appeared creating opportunity for investment in projects that ranged from paper manufacturing to the search for sunken treasure. ...