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Author: Marc D. Weidenmier Publisher: ISBN: Category : United States Languages : en Pages : 44
Book Description
Historians have long wondered whether the Southern Confederacy had a realistic chance at winning the American Civil War. We provide some quantitative evidence on this question by introducing a new methodology for estimating the probability of winning a civil war or revolution based on decisions in financial markets. Using a unique dataset of Confederate gold bonds in Amsterdam, we apply this methodology to estimate the probability of a Southern victory from the summer of 1863 until the end of the war. Our results suggest that European investors gave the Confederacy approximately a 42 percent chance of victory prior to the battle of Gettysburg/Vicksburg. News of the severity of the two rebel defeats led to a sell-off in Confederate bonds. By the end of 1863, the probability of a Southern victory fell to about 15 percent. Confederate victory prospects generally decreased for the remainder of the war. The analysis also suggests that McClellan's possible election as U.S. President on a peace party platform as well as Confederate military victories in 1864 did little to reverse the market's assessment that the South would probably lose the Civil War.
Author: Marc D. Weidenmier Publisher: ISBN: Category : United States Languages : en Pages : 44
Book Description
Historians have long wondered whether the Southern Confederacy had a realistic chance at winning the American Civil War. We provide some quantitative evidence on this question by introducing a new methodology for estimating the probability of winning a civil war or revolution based on decisions in financial markets. Using a unique dataset of Confederate gold bonds in Amsterdam, we apply this methodology to estimate the probability of a Southern victory from the summer of 1863 until the end of the war. Our results suggest that European investors gave the Confederacy approximately a 42 percent chance of victory prior to the battle of Gettysburg/Vicksburg. News of the severity of the two rebel defeats led to a sell-off in Confederate bonds. By the end of 1863, the probability of a Southern victory fell to about 15 percent. Confederate victory prospects generally decreased for the remainder of the war. The analysis also suggests that McClellan's possible election as U.S. President on a peace party platform as well as Confederate military victories in 1864 did little to reverse the market's assessment that the South would probably lose the Civil War.
Author: Marc Weidenmier Publisher: ISBN: Category : Languages : en Pages : 29
Book Description
Historians have long wondered whether the Southern Confederacy had a realistic chance at winning the American Civil War. We provide some quantitative evidence on this question by introducing a new methodology for estimating the probability of winning a civil war or revolution based on decisions in financial markets. Using a unique dataset of Confederate gold bonds in Amsterdam, we apply this methodology to estimate the probability of a Southern victory from the summer of 1863 until the end of the war. Our results suggest that European investors gave the Confederacy approximately a 42 percent chance of victory prior to the battle of Gettysburg/Vicksburg. News of the severity of the two rebel defeats led to a sell-off in Confederate bonds. By the end of 1863, the probability of a Southern victory fell to about 15 percent. Confederate victory prospects generally decreased for the remainder of the war. The analysis also suggests that McClellan's possible election as U.S. President on a peace party platform as well as Confederate military victories in 1864 did little to reverse the market's assessment that the South would probably lose the Civil War.
Author: Qi Zhou Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The remedy of damages for repudiation modifies not only the parties' behaviour after the contract is repudiated (ex post behaviour), but also their behaviour in making and performing the contract (ex ante behaviour). In this paper, a law-and-economics approach is adopted to analyse the House of Lords' majority decision in Golden Victory, arguing that this decision is economically justified because: (1) it encourages the parties to solve the uncertainty of measuring damages; (2) it enforces the parties' contractual allocation of risks; and (3) it encourages the early disclosure of the intention to breach. This paper differs from the existing literature in two ways. First, rather than examining the impact of Golden Victory on ex post behaviour, it focuses on ex ante behaviour. Secondly, unlike most existing literature, which criticises the Lords' decision, this paper supports it from a law-and-economics perspective.
Author: United States. Congress Publisher: ISBN: Category : Law Languages : en Pages : 1238
Book Description
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Author: Richard C. Nolan Publisher: Cambridge University Press ISBN: 1107170494 Category : Business & Economics Languages : en Pages : 609
Book Description
New essays by leading figures from the judiciary, practicing lawyers and academics illuminating the worlds of trusts and wealth management.
Author: Barış Soyer Publisher: Taylor & Francis ISBN: 1000964566 Category : Law Languages : en Pages : 464
Book Description
This edited volume brings together contributions from experienced academics and practitioners in shipping law to consider the crucial subject of remedies in shipping litigation. The collection takes a close look at the established principles and recent legal, commercial and technical developments in the area of remedies in shipping law. It is divided into three parts. The first part focuses on fundamental common law principles concerning damages, including approaches to topics such as damages for delay and what happens when a charter is thrown over early; the reflective loss rule; mitigation; and the problem of cryptocurrency. The second part considers technology and how it affects contracts and remedies, including the use of new technologies and the development of new liability regimes. The third part explores contractual remedies other than simple compensatory damages, considering issues such as limitation of liability, punitive damages, specific remedies, third party claims and liabilities, and anti-suit injunctions. Written for lawyers and administrators not only in England and Wales but worldwide (especially Germany, Switzerland, Greece, Canada, Australia, New Zealand, China, Hong Kong, Singapore and India), the book will also be of interest to specialist maritime law firms in the USA. It will be a valuable addition to specialist law libraries within Europe and the USA, and to university libraries where maritime and shipping law are taught as specialist subjects.
Author: Leon R. Kass Publisher: Encounter Books ISBN: 1641770996 Category : Philosophy Languages : en Pages : 345
Book Description
Most American young people, like their ancestors, harbor desires for a worthy life: a life of meaning, a life that makes sense. But they are increasingly confused about what such a life might look like, and how they might, in the present age, be able to live one. With a once confident culture no longer offering authoritative guidance, the young are now at sea—regarding work, family, religion, and civic identity. The true, the good, and the beautiful have few defenders, and the higher cynicism mocks any innocent love of wisdom or love of country. We are supercompetent regarding efficiency and convenience; we are at a loss regarding what it’s all for. Yet because the old orthodoxies have crumbled, our “interesting time” paradoxically offers genuine opportunities for renewal and growth. The old Socratic question “How to live?” suddenly commands serious attention. Young Americans, if liberated from the prevailing cynicism, will readily embrace weighty questions and undertake serious quests for a flourishing life. All they (and we) need is encouragement. This book provides that necessary encouragement by illuminating crucial—and still available—aspects of a worthy life, and by defending them against their enemies. With chapters on love, family, and friendship; human excellence and human dignity; teaching, learning, and truth; and the great human aspirations of Western civilization, it offers help to both secular and religious readers, to people who are looking on their own for meaning and to people who are looking to deepen what they have been taught or to square it with the spirit of our times.
Author: Marc D. Weidenmier
Author: Marc D. Weidenmier
Author: Marc Weidenmier
Author: Qi Zhou
Author: 
Author: United States. National Labor Relations Board
Author: United States. Congress
Author: Richard C. Nolan
Author: Barış Soyer
Author: Leon R. Kass
Author: