South Sea Bubble of 1720. An Analysis of the First Financial Bubble

Seminar paper from the year 2022 in the subject Economics - Finance, grade: 1,3, University of Munster, language: English, abstract: This paper analyses how far the events of 1720 actually constituted a bubble. While there is an ongoing discussion of what a "e;bubble"e; actually is, this study will sidestep much of the formal discussion and focus more on presenting stylised facts that any theory w...