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Self-limiting and Self-inflammatory Movements in Exchange Rates; Germany

Frank D. Graham

The Quarterly Journal of Economics, 1929, vol. 43, issue 2, 221-249

Abstract: I. Scope of the paper: certain self-inflammatory movements, indirect and provisional. — Three cases, distinguished according to the terms of sale, considered theoretically. Case I, 224. — Case II, 229. — Case III, 233. — Conditions in Germany during 1920–24 conform to the assumptions in these cases, 233. — II. Examination of German conditions, 236. — Two periods, 238. — Statistical verification for the two periods, 242. — Conclusion, 248.

Date: 1929
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The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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