The bond market and the legitimacy of Vichy France

Kim Oosterlinck

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: During World War II, the spread between the 3 percent rentes and the Vichy government bonds reflected French investors' perception of the shifting fortunes of war and the willingness of future post-war government to repay the debt issued by the collaborationist regime. Structural breaks in this spread do not always match with the dates of major military events but are more closely related to the political ones, emphasizing the struggle for legitimacy by rival claimants to power. © 2003 Elsevier Science (USA). All rights reserved.

Date: 2003-07
Note: SCOPUS: ar.j
References: Add references at CitEc
Citations: View citations in EconPapers (50)

Published in: Explorations in economic history (2003) v.40 n° 3,p.326-344

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/142693/5/CEBPostprint016.pdf Œuvre complète ou partie de l'œuvre (application/pdf)

Related works:
Journal Article: The bond market and the legitimacy of Vichy France (2003)
Journal Article: The bond market and the legitimacy of Vichy France (2003)
Working Paper: The Bond Market and the Legitimacy of Vichy France (2003)
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:ulb:ulbeco:2013/142693

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/142693

Access Statistics for this paper

More papers in ULB Institutional Repository from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().