The rise and decline of the Irish stock market, 1865 1913
Little is known about the size and performance of the Irish stock market in the half-century before 1914. Using data obtained from the Investors Monthly Manual, we calculate total market capitalisation and construct a stock market index for the period 1865 to 1913. In addition, we also calculate dividend yields, and examine the performance of the market for company debentures. The results show that the Irish stock market grew steadily up until 1897; thereafter it declined markedly. We speculate that this decline may be explained by political developments.
Volume (Year): 9 (2005)
Issue (Month): 01 (April)
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