Abstract
Abstract We estimate two components of stock market liquidity, namely trading costs and trading volume, for the Berlin Stock Exchange, 1892–1913. Our three trading cost indicators are highly correlated with each other. To estimate trading volume, we use turnover tax revenues and turnover data from the Berliner Kassenverein. We use information on stock exchange turnover taxes collected in Berlin and we have compiled monthly data. We show that the three indicators of trading volume are highly correlated.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
