Silence and the Image: Raymond Depardon's <i>New York, N.Y.i>

What was given up in giving up the silence of film, in particular the silence of the city? Echoing Stanley Cavell, this essay contemplates Raymond Depardon’s experimental documentary <i>New York, N.Y.i> (1985), a film that travels between sound and silence, quietly addressing questions concerning the nature of the photographic medium itself.

Integration between the London and New York Stock Exchanges, 1825-1925

The integration between the London and New York Stock Exchanges is analyzed during the era when they were still developing as asset markets. The domestic securities on both exchanges showed little sustained integration, even when controlling for the different characteristics of stocks, implying that the pricing of securities in the US and UK were still being driven by local factors. However, there was considerable integration between New York and those listings on London which operated internationally. These results place a limit on the view that pre-World War I was the first era of globalization in terms of capital markets, and suggest that the listing of foreign securities may be one of the primary mechanisms driving asset market integration.