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-term term fiscal development in Denmark. Even though Denmark today has one of the largest public sectors in Europe, relatively …
Persistent link: https://www.econbiz.de/10003140237
The paper paints a broad picture of the interest-rate development in Denmark since 1875. Three different short … constructed. The "stylised facts" of the development in real interest rates and inflation expectations in Denmark are presented …, and comparisons are made with the development in Germany, the UK, the USA, Norway and Sweden. -- History of interest rates …
Persistent link: https://www.econbiz.de/10002577699
For each of the three major asset classes: stocks, bonds and treasury bills, this is the first article to present estimates of annual nominal and real returns for the Danish capital market during the whole twentieth century. The average annual Danish stock return in excess of bond (bill) return...
Persistent link: https://www.econbiz.de/10014113516
This essay discusses trends in new banking history scholarship. It does so by conducting bibliometric content analysis … of the entire literature involving the history of banks, bankers and banking published in all major academic journals …
Persistent link: https://www.econbiz.de/10011298897
The Hamburg banking sector experienced considerable structural changes in the period from 1850 until into the 1930s. Around 1856 and 1870, a large number of new banks were founded, mostly in the form of stock corporations. Starting in the 1890s, the banking center saw a consolidation with...
Persistent link: https://www.econbiz.de/10011671702
Two features of the history of Hamburg as a financial centre are of particular interest from the perspective of a …
Persistent link: https://www.econbiz.de/10011731951
The relationship of companies in the maritime economy to banks has been neglected by researchers. While this is surprising, specific financing techniques in ship financing can be found. In addition, the topic has a high degree of currency: the relationship of shipping companies and shipyards to...
Persistent link: https://www.econbiz.de/10011780186
As well as the current one, the wave of globalization culminated in 1913 was marked by increasing accumulation of foreign exchange reserves. But what did ‘reserves' mean in the past, how were they managed, and how much relevant are the differences between then and now? This paper is the first...
Persistent link: https://www.econbiz.de/10013119941
As well as the current one, the wave of globalization culminated in 1913 was marked by increasing accumulation of foreign exchange reserves. But what did ‘reserves' mean in the past, how were they managed, and how much relevant are the differences between then and now? This paper is the first...
Persistent link: https://www.econbiz.de/10013122051
This paper provides new evidence on the decline of sterling as an international currency, focusing on its role as foreign exchange reserve asset under the Bretton Woods era. Using a unique new dataset on the composition of foreign exchange reserves of central banks, I show that the shift away...
Persistent link: https://www.econbiz.de/10012171275