EconPapers    
Economics at your fingertips  
 

Monetary Overhang and Reforms in the 1940s

Rüdiger Dornbusch and Holger Wolf

No 3456, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

Date: 1990-10
Note: ITI IFM
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.nber.org/papers/w3456.pdf (application/pdf)

Related works:
Working Paper: Monetary Overhang and Reforms in the 1940s (1990) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:3456

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w3456

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2025-03-19
Handle: RePEc:nbr:nberwo:3456