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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...
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A cross-regional econometric analysis suggests that institutional factors in the form of direct democracy (via …
Persistent link: https://www.econbiz.de/10009781520
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A cross-regional econometric analysis suggests that institutional factors in the form of direct democracy (via …
Persistent link: https://www.econbiz.de/10001459517
Persistent link: https://www.econbiz.de/10001534733
democracy (via initiatives and referenda) and of federal structure (local autonomy) systematically and sizeably raise self …
Persistent link: https://www.econbiz.de/10013321362
Based on survey data for Switzerland, new empirical findings on direct democracy are presented. In the first part, we …
Persistent link: https://www.econbiz.de/10013361015