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Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...
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This paper shows that railroad building in Russia, as in Europe and the US in the nineteenth century, improved the value of land, a classic benefit of transportation investment in largely agrarian countries. From a database constructed for this paper, we use cross-sectional data for the fifty...
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emergence of a socio-economic system dominated by the Church is presented as a crucial development in the history of western …
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In the seventeenth and eighteenth centuries, historians of England pioneered a series of new approaches to the history … history. A broad selection of historical writing is discussed, ranging from the work of Francis Bacon and William Camden in … followed it, to the eighteenth-century's major account of British history: David Hume's History of England. Particular …
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