War, Bond Prices, and Public Opinion How Did the Amsterdam Bond Market Perceive the Belligerents' War Effort During World War One?.

Bibliographic Details
Main Author: Jopp, Tobias A.
Format: eBook
Language:English
Published: Tübingen Mohr Siebeck, 2021.
Series:Economy and History.
Subjects:
Online Access:EBSCOhost
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Table of Contents:
  • Cover
  • Title
  • Preface
  • Table of contents
  • List of tables
  • List of figures
  • List of abbreviations
  • I. Introduction
  • 1. World War One as a study object of the economic historian
  • 2. The war and sources on how it was perceived by the public
  • 3. Capital market data as an alternative indicator of perception
  • 3.1. Bond prices
  • how new an indicator?
  • 3.2. What do bond prices say?
  • 3.3. Agnostic event analysis
  • 3.4. Pros and cons of the "capital market data approach to perception"
  • 4. Study design
  • 4.1. Research questions
  • 4.2. Why Amsterdam?
  • 4.3. Structure of the study
  • 4.4. Placing the study
  • II. Historical background, sources, and data
  • 1. The Netherlands and World War One
  • 2. Sources on sovereign bonds traded in Amsterdam
  • 2.1. Amsterdam bond prices
  • 2.2. Additional bond price and miscellaneous data
  • 3. Description of the created sovereign bond database
  • 3.1. The Amsterdam cross-section of sovereign bonds
  • 3.2. Market price indices and liquidity
  • 3.3. Representative bonds versus country indices
  • 3.4. Comparative market development and cross-trading
  • 4. Potential and limitations of the database
  • 4.1. Time frame
  • 4.2. Price formation
  • 4.3. Capital market regulation
  • 4.4. Who were the investors?
  • III. Turning points in the perception of the Great Powers' war effort
  • 1. The problem
  • 2. Which breaks have been detected so far?
  • 3. How timetable analysis can help
  • 4. Data selection
  • 5. Empirical findings
  • 5.1. Shifting mean regressions as the technical point of departure
  • 5.2. Turning points in investors' perception at a glance
  • 5.3. Explaining turning points in the major powers' series
  • 5.4. Explaining turning points in the minor powers' series
  • 6. Checking for the turning points' robustness
  • 6.1. Including economic variables
  • 6.2. Results of the robustness check
  • 7. Discussion
  • 7.1. Turning points versus blips
  • the example of Germany
  • 7.2. Agnostic turning points versus turning points "informed by historiography"
  • 7.3. Simple sovereign bonds-based perception indices
  • IV. Perception of alliance credibility
  • 1. The problem
  • 2. Alliance formation before and during the war
  • 2.1. The various alliances at a glance
  • 2.2. Measuring the alliances' strength
  • 3. Alliance credibility
  • 4. Data selection
  • 5. Empirical findings on a "global" test
  • 5.1. Starting from a simple approximation of co-movement
  • correlation coefficients
  • 5.2. Do we find cointegrating relationships?
  • 6. Empirical findings on a "sub-periods" test
  • 6.1. Correlation coefficients once more
  • 6.2. Was perceived credibility unstable?
  • 7. Discussion
  • 7.1. Measuring the degree of alliance integration
  • 7.2. What can Granger-causality tell?
  • V. Conclusions
  • 1. Turning points summary
  • 2. Have historians missed out on major events?
  • 3. Alliance perception summary
  • 4. Outlook
  • List of sources and references
  • Primary sources
  • Dutch historical newspapers/journals/handbooks/laws