German Debt Traded in London During the Second World War
A British Perspective on Hitler
Bibliographic Data
| ID | 9727519 |
|---|---|
| Authors | William O Brown (0000-0003-2220-0671, Claremont McKenna College), Jr William O Brown, Richard C K Burdekin (0000-0001-7561-3483, Claremont McKenna College) |
| Year | 2002 |
| Volume | 69 |
| Issue | 276 |
| Pages | 655-669 |
| Publication date | 2002-11-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-0335.00305 |
| OpenAlex | W2112649494 |
| Language | EN |
| Citations received | 16 |
| References cited | 5 |
Two series of German bonds, issued in 1924 and 1930, traded on the London Stock Exchange throughout Hitler’s 1933–45 regime in Germany. We isolate both structural breaks and turning points in these bond series. Major turning points follow Hider’s reintroduction of conscription in 1935, the outbreak of war in 1939 and the D‐Day invasion of June 1944. The German bonds’ sustained downward trend after 1935 suggests that bondholders recognized the risks posed by Hitler’s programme. Bond prices recovered during the war, however, and appear to have anticipated the overthrow of Hitler and the postwar settlement of foreign bondholders’ claims
Archaeology · Bond · Debt · Economic history · Economics · German · Political science · Settlement (finance) · Stock (firearms) · Stock exchange · World War II · Credit Risk and Financial Regulations · Finance · Financial Markets and Investment Strategies · History · Insurance and Financial Risk Management · Law
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| Citations per year | 0.8 |
|---|---|
| Citation span | 2006 - 2023 (18) |
| Highly cited | No |