COVER STORY: TOWARDS FINANCIAL STABILITY: MODERN APPROACHES, LESSONS OF HISTORY
Published 2018-07-09
Keywords
- INFLATION,
- RATE OF EXCHANGE,
- REPARATIONS,
- CURRENCY DEPRECIATION
How to Cite
1.
Mayburd Е. Destroying Money. ECO [Internet]. 2018 Jul. 9 [cited 2025 Jun. 7];45(5):38-6. Available from: https://ecotrends.ru/index.php/eco/article/view/987
Abstract
The abridged paper exposes the story of Hyperinflation at Germany in 1921 - 1923 as well as an analysis of various supposed causes. In the end the author joins those who believe the pressure by Allies (the first and foremost the obligation, by the Versailles Treaty, to pay reparations) though influenced sometimes, like the Ruhr occupation, rates and amount of emission, was not among the main causes. The critical reason was the economic mindset at all the levels of society and government.References
1.
Smiley Gene. Rethinking the Great Depression. 2002. IVAN R. DEE. Chicago, 2002.
2.
Кейнс Дж. М. Избранные произведения. -М, 1993.
3.
Graham Franc D. Exchange, prices, and production in hyper-inflation: Germany, 1920-1923. Princeton university press. NY, 1930, 1967.
4.
Fergusson Adam. When Money Dies. Public Affairs. NY, 1975, 2010.