The Effect of Price Controls on Financial Assets: The Case of World War II Sovereign Debt Yields.∗

Abstract

This paper examines the impact of price controls on financial asset prices. Specifically, it is found that the controls on asset price movements practiced on the Copenhagen Stock Exchange during World War II affected the market yields on Danish sovereign debt downwards by between four and six percentage points in relation to the same yields traded on the… (More)

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Cite this paper

@inproceedings{Waldenstrm2003TheEO, title={The Effect of Price Controls on Financial Assets: The Case of World War II Sovereign Debt Yields.∗}, author={Daniel Waldenstr{\"o}m and Jonas Vlachos}, year={2003} }