What Happened to Liquidity When World War I Shut the NYSE?
The suspension of trading on the New York Stock Exchange for more than four months following the outbreak of World War I fostered a substitute market on New Street as a source of liquidity. The New Street market suffered from a lack of price transparency because its transactions were not disseminated on the NYSE ticker and its quotations were blacklisted at the leading newspapers.(...)
Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Working Papers, Preprints ; No country specification