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The Hilton Young mission of ‘money doctors’ from Britain to Poland, 1923 – 1924

William Allen

No 366, NBP Working Papers from Narodowy Bank Polski

Abstract: The history of ‘money doctors’ despatched to give financial advice to countries thought to be in need of it has mainly concentrated on American advisers (e.g. Flandreau 2003). This paper gives an account of a British mission to Poland in 1923 – 1924, a period which coincided with the ending of Poland’s hyper-inflation. It describes how the mission contributed to Poland’s monetary stabilisation in 1924, and explores the tensions that arose about the scope and functions of the mission, and of foreign advisers more generally, both between the mission and the Polish authorities, and within the mission.

Keywords: Poland; money doctors; inflation; Hilton Young; Grabski; monetary reform (search for similar items in EconPapers)
JEL-codes: N14 N24 N44 (search for similar items in EconPapers)
Pages: 31
Date: 2024
New Economics Papers: this item is included in nep-ban, nep-eur, nep-fdg, nep-his, nep-hpe, nep-pay and nep-tra
Note: This paper, which is a development of chapter 3 of Allen (2020), is part of a programme of research into Poland’s relationship with the international monetary system in the inter-war period that I am conducting in collaboration with Dr Thea Don-Siemion of Cardiff Business School, Cardiff University. I am extremely grateful to Dr Thea Don-Siemion and to a reviewer for perceptive and valuable comments and helpful discussions. Errors of fact and interpretation are mine alone.
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Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpmis:366

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