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- Title
French Stock exchanges and regulation during World War II.
- Authors
OOSTERLINCK, KIM
- Abstract
Based on archives of the French brokers, the French finance ministry and the occupying forces, this article analyses the motivations of the legal changes imposed on the French exchanges during the war. Most of the measures taken by the Vichy government were meant to stimulate the demand for French state bonds. Three main tools were used to render stocks as unattractive as possible: forced registration, imposition of a maximum threshold for stock prices and taxation. The article suggests that forced registration and the cap on maximum prices were the most efficient tools.
- Subjects
FRANCE; STOCK exchanges; STATE bonds; TAXATION of state bonds; STATE bonds -- Law &; legislation; GOVERNMENT securities -- Law &; legislation; MILITARY occupation; WORLD War II -- Occupied territories; WORLD War II; FRENCH economic policy; FRENCH economy; FRENCH politics &; government, 1940-1945; ECONOMICS; EUROPEAN history, 1918-1945; ECONOMIC conditions in Europe, 1918-1945
- Publication
Financial History Review, 2010, Vol 17, Issue 2, p211
- ISSN
0968-5650
- Publication type
Article
- DOI
10.1017/S0968565010000181