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Gary Shea |
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| Room: S3 |
University of St Andrews,
School of Economics and Finance,
St. Andrews, Fife, KY16 9AR,
Scotland, U.K.
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| Office Hours By appointment via Postgraduate taught secretary |
| Tel: 2441 |
Email:
gss2 st-andrews.ac.uk |
CRIEFF web page
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| About
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Gary Shea worked in a financial consultancy firm in Tokyo prior to
receiving his Ph.D in 1982 from the University of Washington. After that he
joined the International Finance Division at the Board of Governors of the
Federal Reserve System in Washington D.C. In 1985 he started his teaching
career in the Finance Department at the Pennsylvania State University. In
1992 he joined the Economics Department at the University of Exeter as a
Nomura Securities Research Fellow. Since then he has been engaged in a
long-term project of early British financial history. The project covers
the legal evolution of the corporation financed by tradable securities in
Britian in the period 1700-1834. Special topics within the project include
the South Sea Bubble and returns and risks processes for equity financing
in the late 18th and early 19th centuries.
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| Teaching
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- SGPE: Topics in Economic History
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| Research Interests
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Finance, macroeconomics, applied econometrics, Japanese economy, economic history.
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| Selected Publications
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- (2009) "Sir George Caswall vs. the Duke of Portland: Financial Contracts
and Litigation in the wake of the South Sea Bubble", forthcoming in Jeremy
Atack and Larry Neal (eds.), The Origins and Development of Financial
Markets and Institutions, Cambridge University Press. (publisher,
paper in RePEc)
- (2007) "Understanding financial derivatives during the South Sea Bubble:
the case of the South Sea subscription shares", Oxford Economic
Papers, vol. 59, pages i73-i104, October; doi:10.1093/oep/gpm031.
- (2007) "Financial Market Analysis Can Go Mad (in the search for
irrational behaviour during the South Sea Bubble)", Economic History
Review, vol. 60(4), pages 742-65, Nov.; doi:10.1111/j.1468-0289.2007.00379.x.
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| Working Papers
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"Arbitrage and Simple Financial Market Efficiency during the South Sea
Bubble: A Comparative Study of the Royal African and South Sea Companies
Subscription Share Issues."
RePEc
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| Grants
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- Shell Foundation: Private Sector Finance and the Support of
Infrastructure as a Source of Growth
- British Academy: Early British Finance
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| Administration
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Director of the M.Sc. programme in International Strategy and
Economics (ISE) and Analytical Finance (AF)
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