Information processing filters out the noise in data but it takes time. Hence, low precision signals are available before high precision signals. We analyze how this feature affects asset price informativeness when investors can acquire signals of increasing precision over time about the payoff...

The research program about the history of investment banking gauged in this text the legacy of Jacques Laffitte, one of the initiators of modern investment banking in the years 1800-1840. It assesses the reality of his contributions and argues about their role within the process of modernisation...

The annexation of Savoy by France fuels the issue of the fate of Banque de Savoie, because Banque de France was reluctant to share its monopoly as bank of issue, which explains the absorption of its rival in 1865. A second issue was the creation of local banking tools, embedded in regional...