The portuguese capital market during World War II
Autor(a) principal: | |
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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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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 |
format |
article |
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 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - GHES |
publisher.none.fl_str_mv |
ISEG - GHES |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799130963448430592 |