Derivatives and Bucketshops: A Forgotten History of Czech Financial Markets between the World Wars
AbstractBuilding upon exhaustive research of extant and often fragmentary contemporary resources, this paper provides a thorough analysis of financial options trading and sales in interwar Czechoslovakia. Whilst focusing primarily on a remarkable bucketshop episode occuring in the late twenties and early thirties, it also comprises the so far most comprehensive study on the historical development and practices of derivatives trading on the Prague Exchange including the eminent role of private banking firms. A distinct intertemporal and international perspective facilitates the establishment of numerous parallels and patterns, strikingly instructive in times of crises.
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Bibliographic InfoArticle provided by University of Economics, Prague in its journal Politická ekonomie.
Volume (Year): 2011 (2011)
Issue (Month): 2 ()
Postal: Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
Find related papers by JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
- N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
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