Arbeitspapier
How government bond prices reflect wartime events: The case of the Stockholm market
How are political events reflected in financial asset prices? Break points in sovereign debt prices are analyzed for Denmark, Norway, Finland, Sweden, Germany and Belgium during 1930-1948, using unique data from the Stockholm Stock Exchange. Unlike in countries involved in WWII, this market was unregulated. The outbreak of World War II heavily depressed prices of government bonds. Countries which were occupied (Belgium, Denmark and Norway) or under attack (Finland) saw their debt depreciate substantially. The battle of Stalingrad turns out indeed to be a turning-point of the war. This approach represents a complementary quantitative method to analyze the impact of political events.
- Sprache
-
Englisch
- Erschienen in
-
Series: SSE/EFI Working Paper Series in Economics and Finance ; No. 489
- Klassifikation
-
Wirtschaft
International Lending and Debt Problems
International Financial Markets
Economic History: Financial Markets and Institutions: Europe: 1913-
Economic History: Government, War, Law, International Relations, and Regulation: Europe: 1913-
- Thema
-
Financial Markets
Economic History
WWII
Europe
Cliometrics
Öffentliche Anleihe
Börsenkurs
Krieg
Zeitreihenanalyse
Nordeuropa
Deutschland (bis 1945)
Belgien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Waldenström, Daniel
Frey, Bruno S.
- Ereignis
-
Veröffentlichung
- (wer)
-
Stockholm School of Economics, The Economic Research Institute (EFI)
- (wo)
-
Stockholm
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Waldenström, Daniel
- Frey, Bruno S.
- Stockholm School of Economics, The Economic Research Institute (EFI)
Entstanden
- 2002
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