Radical currency reform: Germany, 1948.: An article from: Finance & Development
Book Details
Author(s)Thomas Mayer, Gunther Thumann
PublisherInternational Monetary Fund
ISBN / ASINB0008MGRES
ISBN-13978B0008MGRE8
AvailabilityAvailable for download now
Sales Rank10,223,029
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from Finance & Development, published by International Monetary Fund on March 1, 1990. The length of the article is 2707 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The economies of the Eastern European countries have accumulated excess liquidity as a result of deteriorating public sector finances, a situation not unlike West Germany after World War II. The example of West Germany's 1948 currency reform in 1948 indicates that economic reform cannot be affected by currency reform on its own, but must be part of a well-developed and carefully implemented wider economic restructuring that may take several years. Concurrent with the currency reform, measures were taken to revive the economy: most prices were freed while essential commodities remained frozen and rationed; tax rates were lowered and measures implemented to compensate those hardest hit by the reforms; and the central bank implemented anti-inflationary policies. Currency reform was complemented by the establishment of market economy through macro-economic and social policies.
Citation Details
Title: Radical currency reform: Germany, 1948.
Author: Thomas Mayer
Publication:Finance & Development (Magazine/Journal)
Date: March 1, 1990
Publisher: International Monetary Fund
Volume: v27 Issue: n1 Page: p6(3)
Distributed by Thomson Gale
From the supplier: The economies of the Eastern European countries have accumulated excess liquidity as a result of deteriorating public sector finances, a situation not unlike West Germany after World War II. The example of West Germany's 1948 currency reform in 1948 indicates that economic reform cannot be affected by currency reform on its own, but must be part of a well-developed and carefully implemented wider economic restructuring that may take several years. Concurrent with the currency reform, measures were taken to revive the economy: most prices were freed while essential commodities remained frozen and rationed; tax rates were lowered and measures implemented to compensate those hardest hit by the reforms; and the central bank implemented anti-inflationary policies. Currency reform was complemented by the establishment of market economy through macro-economic and social policies.
Citation Details
Title: Radical currency reform: Germany, 1948.
Author: Thomas Mayer
Publication:Finance & Development (Magazine/Journal)
Date: March 1, 1990
Publisher: International Monetary Fund
Volume: v27 Issue: n1 Page: p6(3)
Distributed by Thomson Gale
