MONETARY OVERHANG AND REFORMS IN THE 1940

Authors

  • Rudiger Dornbusch
    • Holger Wolf

      DOI:

      https://doi.org/10.22456/2176-5456.10363

      Keywords:

      Monetary overhang. Reforms in the 1940.

      Abstract

      Post-1945 Europe had many of the traits observed today in Eastern Europe and the Soviet Union: price controls, shortages, black markets and a monetary overhang. The policy response in most countries was monetary reform: the deliberate immobilization of liquid assets and in many instances an outright write-off of deposits. The paper revises the historical experience, notably the German reform of 1948, identifies the policy issues involved and draws lessons for today.

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      Published

      2009-09-30

      How to Cite

      Dornbusch, R., & Wolf, H. (2009). MONETARY OVERHANG AND REFORMS IN THE 1940. Análise Econômica, 9(16). https://doi.org/10.22456/2176-5456.10363

      Issue

      Vol. 9 No. 16 (1991): setembro de 1991

      Section

      Artigos

      License

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