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Wars and Markets

How Bond Values Reflect the Second World War

Dados Bibliográficos

ID9723980
AutoresBruno S Frey (0000-0001-5380-6655, University of Zurich), Bruno Frey, Marcel Kucher (University of Zurich)
Ano2001
Volume68
Fascículo271
Páginas317-333
Data de publicação2001-08-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoEconomica (JOURNAL)
Identificadores do periódicoISSN: 0013-0427 • E-ISSN: 1468-0335
EditoraWiley (PUBLISHER • GB)
DOI10.1111/1468-0335.00249
OpenAlexW2039569620
IdiomaEN
Citações recebidas7
Referências citadas5

Historical events are reflected in asset prices. Based on a unique data‐set, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during the Second World War. Some war events generally considered crucial are clearly reflected in government bond prices; this holds, in particular, for the official outbreak of the war and the loss and gain of national sovereignty. Other events to which historians attach great importance are not reflected in bond prices, most prominently Germany’s capitulation in 1945. The analysis of financial markets provides a fruitful method for evaluating the importance contemporaries attached to historical events

Ancient history · Asset (computer security) · Bond · Bond market · Bond valuation · Economic history · Economics · Economy · Financial economics · Financial market · Financial system · First world war · Government (linguistics) · Government bond · Monetary economics · Political science · Politics · Sovereignty · Spanish Civil War · World War II · Finance · Financial Markets and Investment Strategies · Financial Risk and Volatility Modeling · History · Law · Monetary Policy and Economic Impact

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Obras citantes distintas7
Citações por ano0,3
Intervalo de citações2003 - 2025 (23)
Velocidade de citaçãorecent
Altamente citadoNão
Tipos de citaçãoNeutras: 6
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