The dutch monetary environment during tulipmania

@article{French2006TheDM,
  title={The dutch monetary environment during tulipmania},
  author={Doug French},
  journal={The Quarterly Journal of Austrian Economics},
  year={2006},
  volume={9},
  pages={3-14}
}
  • D. French
  • Published 1 March 2006
  • Economics
  • The Quarterly Journal of Austrian Economics
W hen the economics profession turns its attention to financial panics and crashes, the first episode mentioned is tulipmania. In fact, tulipmania has become a metaphor in the economics field. Should one look up tulipmania in The New Palgrave: A Dictionary of Economics, a discussion of the seventeenth century Dutch speculative mania will not be found. Guillermo Calvo (1987, p. 707), in his contribution to the Palgrave instead defines tulipmania as: "situations in which some prices behave in a… 
Explaining the Timing of Tulipmania's Boom and Bust: Historical Context, Sequestered Capital, and Market Signals
Explanations of the timing of booms and busts have heretofore been either non-existent or ad hoc; consideration of sequestered capital promises to improve matters. Sequestered capital is capital that
A Short History of Derivative Security Markets
In this chapter the pioneering works on option pricing of (1900) and (1908) are put into the historical context. The history of derivatives is traced back to the origins of commerce in Mesopotamia in
The Wisselbank and Amsterdam Price Volatility: A Fractal Test of the Austrian Fractional-Reserve Banking Hypothesis
Using 1708-1788 historical data, we test the Austrian hypothesis that fractional-reserve banking destabilizes commodity prices, complicating economic calculation and entrepreneurial planning, and
From Chengdu to Stockholm: A Comparative Study of the Emergence of Paper Money in East and West
  • N. Horesh
  • Economics, History
    Provincial China
  • 2012
It is widely recognised that monetary paper instruments appeared in China earlier than in the West, paper itself having been invented there during the Han era. However, there have been to date few
Before and after the Boom: Changes in the Estonian Housing Market
Defended on April 4, 2013 at the Tallinn University of Technology.The thesis is available digitally http://digi.lib.ttu.ee/i/?838Supervisor: Ene Kolbre (Ph.D, Professor Emeritus), Tallinn University
Digitalization, Camouflage, and Monetary Inflation
The digitalization revolution has camouflaged the symptoms of monetary inflation in goods and services markets. Hence under the 2% inflation regime, central banks have had considerable scope to
Publications on financial history 2006
This bibliography covers publications that appeared during  and during the year  when they were not known before the deadline for last year’s bibliography. In this case the year of
The Case for Repairing Broken Channels without the Use of Unconventional Monetary Policy
The paper shows that the literature on broken channels (1) fails to provide an explanation of the root causes of the crisis, (2) mistakes a subjective human behavior for a mechanical failure and (3)
The Elephant and the Hunter
There is nothing more exciting than the finance business. “It is the greatest game in the world,” said one veteran institutional salesman. This particular salesman, along with three partners, sold
The Economics of Housing Bubbles
...
...

References

SHOWING 1-10 OF 28 REFERENCES
Famous First Bubbles
T he jargon of economics and finance contains numerous colorful expressions to denote a market-determined asset price at odds with any reasonable economic explanation. Such words as "tulip mania,"
Famous First Bubbles: The Fundamentals of Early Manias
There is no hoarier chestnut of financial history than the Tulip Mania, and hard on its heels are the stories of the infamous South Sea Bubble and the contemporaneous financial scheme of John Law.
European Economic History: The Economic Development of Western Civilization.
rich-est the world, this biography — of the few available on a major American industrialist of the late 19th century — shows how Carnegie's career helped build the American system of industrial
Manias, Panics and Crashes: A History of Financial Crises
1. Financial Crisis: A Hardy Perennial 2. Anatomy of a Typical Crisis 3. Speculative Manias 4. Fueling them Flames: The Expansion of Credit 5. The Critical Stage: Pricking the Bubble 6. Euphoria and
A History of Interest Rates.
The late Sidney Homer published the First Edition of A History of Interest Rates in 1963 because he believed that a comprehensive history of this universal and basic economic and commercial price was
Tulipmania
Though it is always mentioned first among the list of obvious manias, no serious effort has ever been expended to investigate the market fundamentals that might have driven the tulip speculation.
A Financial History of Western Europe
Introduction and Chronologies I: MONEY Evolution of Money in Western Europe Bank Money Bimettalism and the Emergence of the Gold Standard II: BANKING English and Scottish Banking French Banking
Imports of American Gold and Silver into Spain, 1503–1660
I. Effect of fertile American mines on European prices — Spain the recipient and distributor of the treasure, 437.—New sources of data, 438.—II. House of Trade and Merchant Gild of Seville,
A History of the Precious Metals from the Earliest Times to the Present
s ; but the reader who desires further light concerning the cost of gold to Europe in the i6th century, and the influence of such cost upon its present value, will do well to consult the original
...
...