EconPapers    
Economics at your fingertips  
 

History as Reflected in Capital Markets: The Case of World War II

Bruno Frey and Marcel Kucher

The Journal of Economic History, 2000, vol. 60, issue 2, 468-496

Abstract: Historical events are reflected in asset prices. We analyze movements in the price of bonds issued by five European governments and traded on the Swiss bourse between 1928 and 1948, with special attention to the war years. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for the official outbreak of the war and changes in national sovereignty. But other events to which historians attach great importance are not reflected in bond prices, most prominently Germany's capitulation in 1945.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (87)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
Working Paper: History as Reflected in Capital Markets: The Case of World War II Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:60:y:2000:i:02:p:468-496_02

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().

 
Page updated 2025-03-22
Handle: RePEc:cup:jechis:v:60:y:2000:i:02:p:468-496_02