@techreport{8b60b14025ed41298050edd1811c7af9,
title = "A social network for trade and inventories of stock during the South Sea Bubble",
abstract = "A social network of stock trading is defined for the notorious South Sea Bubble. Complete market trade in East India Company and Bank of England shares is described in a flow network. Intermediation is treated as a form of network centrality, which can be analysed using measures of pass-through, inventories and immediacy. New features of the South Sea Bubble are documented: i) the crisis suffered by goldsmith bankers may have pre-dated the Bubble; ii) yet the depth and immediacy of intermediation was maintained throughout the Bubble; iii) a gradual trend towards dis-intermediation occurred after the Bubble and iv) a there was a switch from intermediation based upon brokerage to intermediation based upon dealership.",
keywords = "Weighted multidigraph, Flow network, Financial intermediation, Brokerage",
author = "Andrew Mays and Shea, {Gary S}",
year = "2012",
month = mar,
language = "English",
series = "CDMA Working Paper",
number = "1110",
type = "WorkingPaper",
}