World War II as reflected on capital markets

World War II as reflected on capital markets

Historical events are reflected in asset prices. We analyze government bond prices of five European countries traded on the Swiss bourse during WWII. Apart from the official outbreak of WWII, loss and gain of national sovereignty influenced the capital market.

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Veröffentlicht in:Economics letters 2000-11, Vol.69 (2), p.187-191
Hauptverfasser: Frey, Bruno S., Kucher, Marcel
Format: Artikel
Sprache:eng
Schlagworte:
Asset valuation
Bond market
Capital market
Cliometrics
Economic history
Europe
Financial history
Financial markets
Sovereignty
World War Two
WWII
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container_end_page 191
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container_title Economics letters
container_volume 69
creator Frey, Bruno S.
Kucher, Marcel
description Historical events are reflected in asset prices. We analyze government bond prices of five European countries traded on the Swiss bourse during WWII. Apart from the official outbreak of WWII, loss and gain of national sovereignty influenced the capital market.
doi_str_mv 10.1016/S0165-1765(00)00269-X
format Article
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1873-7374
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source RePEc; Elsevier ScienceDirect Journals; Periodicals Index Online
subjects Asset valuation
Bond market
Capital market
Cliometrics
Economic history
Europe
Financial history
Financial markets
Sovereignty
World War Two
WWII
title World War II as reflected on capital markets
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