IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-25165-0_8.html
   My bibliography  Save this book chapter

The Integration of Product and Capital Markets

In: The Integration of the European Economy, 1850–1913

Author

Listed:
  • Lee A. Craig

    (North Carolina State University
    National Bureau of Economic Research)

  • Douglas Fisher

    (North Carolina State University)

Abstract

As we pointed out in Chapter 3, European commodity and capital markets were on their way to an effective integration centuries before 1850, and we believe that we can show that, by the beginning of the twentieth century, Europe was for many purposes a truly integrated economy, possessing the characteristics which a century later are often associated with the word ‘global’. In a way, this theme has marked our study throughout, and this chapter contains some of the most important evidence in support of this view. We have pursued this topic in earlier chapters, having already discussed the real growth of these economies as well as the growing integration of their financial sectors during this period. In this chapter we add an analysis of the integration of exports and imports, investment expenditures and, finally, nominal and real interest rates. Real integration involves more than these topics, to be sure, and so we shall add a discussion of the integrated business cycle in Chapter 9, as well as a general summary, in Chapter 10, to complete the story.

Suggested Citation

  • Lee A. Craig & Douglas Fisher, 1997. "The Integration of Product and Capital Markets," Palgrave Macmillan Books, in: The Integration of the European Economy, 1850–1913, chapter 8, pages 189-221, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25165-0_8
    DOI: 10.1007/978-1-349-25165-0_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-25165-0_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.