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

Format:

Book

Author/Creator:

Jopp, Tobias A.

Series:

Economy and History

Economy and History ; v.2

Language:

English

Subjects (All):

Bond market--Netherlands--Amsterdam--History--20th century.

Bond market.

World War, 1914-1918--Economic aspects.

World War, 1914-1918.

Economics.

Netherlands--Amsterdam.

Genre:

History.

Physical Description:

1 online resource (337 pages)

Edition:

1st ed.

Other Title:

War, Bond Prices, and Public Opinion

Place of Publication:

Tübingen : Mohr Siebeck, 2021.

Summary:

Wie nahmen die Zeitgenossen den Verlauf des Ersten Weltkriegs wahr? Tobias A. Jopp beantwortet diese Frage anhand einer bisher kaum beachteten Quelle, nämlich der Preise der an der Amsterdamer Börse gehandelten Staatsanleihen. Dies bietet neue Sichtweisen auf den Ersten Weltkrieg in der öffentlichen Meinung.

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

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

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?

7.1. 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

Primary sources - contemporary monographs/articles up until 1924

Secondary literature

Online Appendix

Index.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

3-16-159537-8

OCLC:

1244627002