The portuguese capital market during World War II

Detalhes bibliográficos
Autor(a) principal: Valério, Nuno
Data de Publicação: 2005
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/828
Resumo: During the Second World War, the Portuguese capital market was characterized by a glut of savings opportunities and a shortage of investment opportunities. The glut of savings opportunities was caused by surpluses in the balance of payments, which resulted from Portugal's neutrality and its capacity to supply valuable commodities. The shortage of investment opportunities derived from the economy's overall stagnant performance and the lack of adequate supplies from abroad. As a consequence, there was a downward trend in interest rates, despite the increase in price levels, and investors concentrated on public bonds and construction. It may, however, be argued that this process acted as a kind of prior accumulation of funds before the take-off of modern economic growth that was to occur in the Portuguese economy during the post- war years.
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spelling The portuguese capital market during World War IIEconomic HistoryCapital MarketSecond World WarDuring the Second World War, the Portuguese capital market was characterized by a glut of savings opportunities and a shortage of investment opportunities. The glut of savings opportunities was caused by surpluses in the balance of payments, which resulted from Portugal's neutrality and its capacity to supply valuable commodities. The shortage of investment opportunities derived from the economy's overall stagnant performance and the lack of adequate supplies from abroad. As a consequence, there was a downward trend in interest rates, despite the increase in price levels, and investors concentrated on public bonds and construction. It may, however, be argued that this process acted as a kind of prior accumulation of funds before the take-off of modern economic growth that was to occur in the Portuguese economy during the post- war years.ISEG - GHESRepositório da Universidade de LisboaValério, Nuno2009-04-21T13:58:23Z20052005-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/828engValério, Nuno. 2005. "The portuguese capital market during World War II". Instituto Superior de Economia e Gestão – GHES - Documento de Trabalho/ Working Paper, nº 25-2005info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-11T01:31:21Zoai:www.repository.utl.pt:10400.5/828Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:49:04.499570Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The portuguese capital market during World War II
title The portuguese capital market during World War II
spellingShingle The portuguese capital market during World War II
Valério, Nuno
Economic History
Capital Market
Second World War
title_short The portuguese capital market during World War II
title_full The portuguese capital market during World War II
title_fullStr The portuguese capital market during World War II
title_full_unstemmed The portuguese capital market during World War II
title_sort The portuguese capital market during World War II
author Valério, Nuno
author_facet Valério, Nuno
author_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Valério, Nuno
dc.subject.por.fl_str_mv Economic History
Capital Market
Second World War
topic Economic History
Capital Market
Second World War
description During the Second World War, the Portuguese capital market was characterized by a glut of savings opportunities and a shortage of investment opportunities. The glut of savings opportunities was caused by surpluses in the balance of payments, which resulted from Portugal's neutrality and its capacity to supply valuable commodities. The shortage of investment opportunities derived from the economy's overall stagnant performance and the lack of adequate supplies from abroad. As a consequence, there was a downward trend in interest rates, despite the increase in price levels, and investors concentrated on public bonds and construction. It may, however, be argued that this process acted as a kind of prior accumulation of funds before the take-off of modern economic growth that was to occur in the Portuguese economy during the post- war years.
publishDate 2005
dc.date.none.fl_str_mv 2005
2005-01-01T00:00:00Z
2009-04-21T13:58:23Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/828
url http://hdl.handle.net/10400.5/828
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Valério, Nuno. 2005. "The portuguese capital market during World War II". Instituto Superior de Economia e Gestão – GHES - Documento de Trabalho/ Working Paper, nº 25-2005
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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