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The Canton of Berne as an investor on the London capital market in the 18th century

Altorfer, Stefan - 2004 - [Elektronische Ressource]

This paper is a case study about investor behaviour of the government of Berne on capital markets in the 18th century, focussing mainly on London. Economic theory about principal-agent problems and portfolio administration will be used to analyse quantitative and qualitative data from government...