The Emergence of a National Capital Market in England, 1710–1880

1993 ◽  
Vol 53 (1) ◽  
pp. 1-24 ◽  
Author(s):  
Moshe Buchinsky ◽  
Ben Polak

Was eighteenth-century London's financial market linked to domestic real capital markets? When did English capital markets cease to be regionally segmented? We compare London interest rates with annual registered property transactions in Middlesex and in West Yorkshire. This evidence, though tentative, suggests that London financial markets were weakly linked to local real capital markets in the mid-eighteenth century. By the late eighteenth century those links were strong. Regional markets were still segmented in the mid-eighteenth century but were integrated by the time of the Napoleonic War.

2012 ◽  
Vol 02 (11) ◽  
pp. 15-24
Author(s):  
Charles Kombo Okioga

Capital Market Authority in Kenya is in a development phase in order to be effective in the regulation of the financial markets. The market participants and the regulators are increasingly adopting international standards in order to make the capital markets in sync with those of developed markets. New products are being introduced and new business lines are being established. The Capital Markets Authority (Regulator) is constantly reviewing existing regulations and recommending changes to regulate the market properly. Business lines and activities are being harmonized by market participants to provide a one stop solution in order to meet the financial and securities services needs of the investors. The convergence of business lines and activities of market intermediaries gives rise to the diversity of a firm’s business operations to meet multiplicity of regulations that its activities are subject to. The methodology used in this study was designed to examine the relationship between capital markets Authority effective regulation and the performance of the financial markets. The study used correlation design, the study population consisted of 30 employees in financial institutions regulated by Capital Markets Authority and 80 investors. The study found out that effective financial market regulation has a significant relationship with the financial market performance indicated by (r=0.571, p<0.01) and (r=0.716, p≤0.01, the study recommended a further research on the factors that hinder effective financial regulation by the Capital Markets Authority.


2014 ◽  
Vol 48 (4) ◽  
pp. 911-935
Author(s):  
GRAHAM CULBERTSON

In this article I argue that scholars have been insufficiently attentive to Frederick Douglass's engagement with American cities, particularly Washington, DC. I show that Frederick Douglass's 1877 speech “Our National Capital” should not be relegated, as it usually is, to an autobiographical footnote, but is in fact an important document both in Douglass's philosophy and in the history of Washington, DC. This essay places that speech in both of those traditions. First, I give a brief account of Pierre L'Enfant's late eighteenth-century plans for Washington, DC as a cosmopolitan and regionally inclusive place, then use several figures, including Charles Dickens and Eastman Johnson, to show that actually existing DC failed to meet those ideals. The bulk of the essay then shows that Douglass's speech has great affinities with L'Enfant's original ideas, with Douglass adding the crucially important category of race to L'Enfant's vision for the city. I also use a number of Douglass's other writings, including speeches, essays, and autobiographies, to show that “Our National Capital” can serve as a capstone for Douglass's career, in which he articulates how an urban environment should function if it is to live up to his ideals.


Author(s):  
Will Smiley

This chapter explores captives’ fates after their capture, all along the Ottoman land and maritime frontiers, arguing that this was largely determined by individuals’ value for ransom or sale. First this was a matter of localized customary law; then it became a matter of inter-imperial rules, the “Law of Ransom.” The chapter discusses the nature of slavery in the Ottoman Empire, emphasizing the role of elite households, and the varying prices for captives based on their individual characteristics. It shows that the Ottoman state participated in ransoming, buying, exploiting, and sometimes selling both female and male captives. The state particularly needed young men to row on its galleys, but this changed in the late eighteenth century as the fleet moved from oars to sails. The chapter then turns to ransom, showing that a captive’s ability to be ransomed, and value, depended on a variety of individualized factors.


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