In recent years, China's economic growth model has started to undergo a fundamental shift away from an export-led capital investment focus toward domestic consumption, productivity and higher levels of innovation. In this transition towards a more innovative, balanced and sustainable model,...

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...