Law and Finance c. 1900

Aldo Musacchio

NBER Working Paper No. 16216
Issued in July 2010

---- Acknowledgements -----

The author would like to thank for their comments and suggestions Stefano Battilossi, Dan Bogart, Mike Bordo, Les Hannah, Pierre-Cyrille Hautcoeur, Lakshmi Iyer, Noel Maurer, Mary O’Sullivan, Hugh Rockoff, Dick Sylla, Gail Triner, Eugene White, and seminar participants at Universidad Carlos III, in Madrid, ITAM, Mexico City, Rutgers, and of the panel “The Micro-structure, Regulation and Development of Stock Markets Around The World” in the XVth World Economic History Conference, Utrecht, 2009. Les Hannah, Noel Maurer, and Lyndon Moore shared their data with me and helped me to compile some of the data presented in this paper. Thanks to Elisabeth Koll for her help with Chinese laws. Research assistance for this project was ably provided by Claire Gilbert and Jonathan Selter. All errors are the responsibility of the author. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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