The Eurhistock III conference
History of European Stock Exchanges

Paris School of Economics, April 29-30, 2011
Campus Jourdan – 48 bd Jourdan 75014 Paris

• Download the complete program in pdf - as of April, 22.
• Down this page, access the papers presented
• You can also download other papers (from the speakers) and the list of participants.

The 2011 conference

As its Madrid (2009) and Cambridge (2010) predecessors, this conference will gather financial economists, financial and economic historians interested in the long term changes in European financial markets.
Its new feature is that it aims at organizing a network of researchers willing to understand the financial history of Europe considered as a whole rather than as the sum of individual national financial markets. That network will in particular enhance methodological convergence between scholars from finance to history in order to systematically reconstruct and analyse stock-exchange data. A by-product of the project is the creation of a pan-European historical database of securities markets. The workshop will make a state of the art of research in stock market history and launch collaborative research projects at the European level.
The six main topics will be : financial integration, initial public offerings (IPOs), microstructures of financial markets, corporate governance, emerging markets, derivative markets. On each topic, a state of the art will be presented and discussed in plenary session, and a workshop will be organized (with 3 workshops in parallel sessions each afternoon) in order to organize future collaborative work.

• Access to morning sessions is free. Admission is required for afternoon sessions.

The organizers

Scientific committee : J. Annaert (Antwerp), S. Battilossi (Carlos III, Madrid), F. Buelens (Antwerp), C. Burhop (Cologne), D. Chambers (Cambridge), P.-C. Hautcoeur (PSE), M. Morys (York), A. Riva (EBS).
Local organizers : P.-C. Hautcoeur and A. Riva

The partners

Friday April 29

• State of the art presentations (plenary session)
  9 : 30 IPOs : D. Chambers (Cambridge) ; discussant : M. O’Sullivan (Geneva)
  10 : 15 Market integration : Jan Annaert (Antwerp)

11:00 Break

• State of the art presentations (plenary session)
  11:30 Microstructures : P.C. Hautcoeur (PSE) and A. Riva (EBS) ; discussant : Eugene White (Rutgers)
  12:15 Emerging markets : S. Battilossi (Carlos III) and M. Morrys (York) ; discussant : Ch. Lundblad (North Carolina)

13:00 Lunch

• 14:30 : Topic sessions (parallel sessions)
  IPOs
  Market integration

16:30 Break

• 17:00 : Topic sessions (parallel sessions)
  Microstructures
  Emerging markets

• 19:30 Dinner at the Restaurant of the Cité Universitaire

Saturday April 30

• 9:30 : State of the art presentations (plenary session)
  9:30 Corporate governance : C. Burhop (Cologne) and M. Deloof (Antwerp) discussant : John Turner, Leslie Hannah
  10:15 Derivatives : G. Shea (St Andrews) - paper and presentation

11:00 Break

• 11:30 : Data collection and sharing (coord. F. Buelens)

12:30 Lunch

• 14:00 : Topic sessions (parallel sessions) :
  Corporate governance
  Derivatives

• 17:00 : Next steps

• 18:00 End of conference

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Other papers

• Gary S. Shea
• Pierre-Cyrille Hautcoeur and Angelo Riva