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Monetary Overhang and Reforms in the 1940s / Rudiger Dornbusch, Holger Wolf.
- Format:
- Book
- Author/Creator:
- Dornbusch, Rudiger.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3456.
- NBER working paper series no. w3456
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1990.
- Summary:
- 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 reviews the historical experience, notably the German reform of 1948, identifies the policy issues involved and draws lessons for today.
- Notes:
- Print version record
- October 1990.
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