Arbeitspapier

Using Financial Markets to Analyze History: The Case of the Second World War

A central aspect of historical research is to provide explanations for the causes and effects of events that occurred in the past, in particular the Second World War. History can be analyzed and explained from different perspectives. Two such perspectives are considered, the first being the traditional historiographic approach, in which the main emphasis is on the qualitative analysis of various kinds of historical sources and documents, and the second being what we call the financial market approach, a recent methodology for linking significant changes in historical market prices to simultaneously occurring geopolitical events. The fundamental characteristics of the two approaches are identified and compared in answering some important historical questions concerning the Second World War. The financial market approach, as reflected in the secondary market for government bonds, is studied for various countries. Both approaches rely heavily on interpretation - but in different ways. They complement each other in a useful way.

Language
Englisch

Bibliographic citation
Series: CREMA Working Paper ; No. 2007-19

Classification
Wirtschaft
Analysis of Collective Decision-Making: General
Subject
Financial markets
government bonds
history
World War II

Event
Geistige Schöpfung
(who)
Frey, Bruno S.
Waldenstrom, Daniel
Event
Veröffentlichung
(who)
Center for Research in Economics, Management and the Arts (CREMA)
(where)
Basel
(when)
2007

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Frey, Bruno S.
  • Waldenstrom, Daniel
  • Center for Research in Economics, Management and the Arts (CREMA)

Time of origin

  • 2007

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