Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns collecting the works ten eminent economists and develop a price index for this corpus collectables. For observation period 1975–2019, find that in those 45 years investing rare yielded an average annual real rate return 2.8%, which is well line with clas...

a r t i c l e i n f o JEL classification: F30 G14 G15 Keywords: Hurst exponent Financial crisis Financial contagion Efficiency Stock markets MFDMA algorithm Copula models This study analyzes how the 2008 and 2010 financial crises, which began in the US and Greece respectively, affected the Hurst exponents of index returns of the stock markets of Belgium, France, Greece, Japan, the Netherlands, ...