The Fall in German Exchange

M. J. Bonn

The Quarterly Journal of Economics, 1916, vol. 31, issue 1, 108-127

Abstract: I. Is there currency inflation in Germany? 109. — Some reasons for doubting it, 111. — II. International payments where the movement of gold is restricted, 112. — Exchange in New York since 1914; sterling exchange in 1915, 114. — III. German exchange and its decline, 115. — German payments to the United States, 116. — American payments to Germany, 117. — The balance favorable to Germany, 119. — IV. Germany's balances unfavorable in other neutral countries, 119. — Settlements made via New York affect mark exchange, 121. — Scandinavian exchange and its adjustment, 123.

Date: 1916
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