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hat in seiner jüngeren Geschichte eine Hyperinflation dieser Intensität erlebt. Obwohl die Zeitzeugen längst tot sind …
Persistent link: https://www.econbiz.de/10013186281
Germany’s hyperinflation resulted from a confluence of several factors, all of which contributed to a temporary …
Persistent link: https://www.econbiz.de/10014225722
The German hyperinflation in 1923 was caused by monetary financing of the highly deficient German state budget by a de …-pendent central bank. The social and economic consequences of the hyperinflation were disastrous. Combined with an instable politi …-cal atmosphere, paving the way for the rise of the Nazis, the hyperinflation is deeply etched in the German collective memory. It is …
Persistent link: https://www.econbiz.de/10014233648
The Weimar hyperinflation is a textbook example of how inflation develops. All the factors usually associated with …
Persistent link: https://www.econbiz.de/10014233690
This paper studies how a large increase in the price level is transmitted to the real economy through firm balance sheets. Using newly digitized macro- and micro-level data from the German inflation of 1919-1923, we show that inflation led to a large reduction in real debt burdens and...
Persistent link: https://www.econbiz.de/10014322686
Im Jahr 1974 verunsicherten eine Reihe von Bankenkrisen viele der größten Volkswirtschaften der Welt. Die Prominenteste, die Herstattkrise in Deutschland, verursachte große Schockwellen durch das entstehende globale Finanzsystem. Rückblickend markiert die Krise den Beginn eines langen Trends...
Persistent link: https://www.econbiz.de/10012272123
This paper examines the response of five prominent Swedish economists, David Davidson, Gustav Cassel, Eli Heckscher, Knut Wicksell and Bertil Ohlin, to John Maynard Keynes's "The Economic Consequences of the Peace" and to the German reparations in the 1920s. When Keynes's book appeared, Davidson...
Persistent link: https://www.econbiz.de/10013208857
Im Jahr 1974 verunsicherten eine Reihe von Bankenkrisen viele der größten Volkswirtschaften der Welt. Die Prominenteste, die Herstattkrise in Deutschland, verursachte große Schockwellen durch das entstehende globale Finanzsystem. Rückblickend markiert die Krise den Beginn eines langen Trends...
Persistent link: https://www.econbiz.de/10012292763
Persistent link: https://www.econbiz.de/10012384749
Persistent link: https://www.econbiz.de/10011878240