• Corpus ID: 154982679

German Monetary History in the First Half of the Twentieth Century

@article{Hetzel2002GermanMH,
  title={German Monetary History in the First Half of the Twentieth Century},
  author={Robert L. Hetzel},
  journal={Federal Reserve Bank of Richmond Research Publications},
  year={2002}
}
  • Robert L. Hetzel
  • Published 2002
  • Economics, History
  • Federal Reserve Bank of Richmond Research Publications
Why did Europe create the European Central Bank in the image of the Bundesbank? More generally, what accounts for the current consensus over how a central bank should conduct monetary policy? Germany's experience of hyperinflation and deflation illustrate the West's disastrous experiments in monetary arrangements in the first half of the twentieth century. With the 1948 currency reform, Germany and the Western world started down a more promising path toward monetary arrangements that would… 
German Monetary History in the Second Half of the Twentieth Century: From the Deutsche Mark to the Euro
To understand the origin of the modern central bank — its institutional structure and monetary policy — one must understand the history of the Bundesbank. The narrative history offered here examines
The Evolution of U.S. Monetary Policy
Since the establishment of the Federal Reserve System in 1913, policymakers have always pursued the goal of economic stability. At the same time, their understanding of the world and of the role of
Money in Spain. New Historical Statistics. 1830-1998
The purpose of this Working Paper is to present a reconstruction of the main monetary aggregates for the period 1830, when the first modern banknotes were issue, to1998, the last year before the
The Monetary Policy of the Federal Reserve: A History
Foreword: what is the monetary standard? 1. The pragmatic evolution of the monetary standard 2. Learning and policy ambiguity 3. From gold to fiat money 4. From World War II to the Accord 5. Martin
1923: Hyperinflation in Germany
In the 1920s, Germany experienced one of the most severe episodes of hyperinflation in history. The episode originated in military defeat and revolution, produced instability that figured prominently
Buried in the Vaults of Central Banks: Monetary Gold Hoarding and the Slide into the Great Depression
I study whether monetary gold hoarding was the main cause of the Great Depression in a structural VAR analysis. The notion that monetary forces played an important role in bringing about the
Credit supply shocks and the Great Depression in Germany
At the peak of the Great Depression in mid-1931, Germany experienced a severe banking crisis. We study to what extent credit constraints contributed to the downturn by fitting a structural vector
1933: Germany's Economic Crises (A)
In January 1933, German president Paul von Hindenburg confronted the dilemma of whom to appoint as chancellor in the midst of the Great Depression, polarization of voters, civil unrest, rumors of a
A Cultural Evolution Model for Trend Changes in the American Secular Cycle
  • M. Alexander
  • Economics
    Cliodynamics: The Journal of Quantitative History and Cultural Evolution
  • 2019
Author(s): Alexander, Michael Allen | Abstract: Rising economic inequality in the United States has become a topic of political interest in recent years. Inequality appears to show cycles
Money, Banking, and Monetary Policy from the Formation of the Federal Reserve Until Today
The United States Congress created the Federal Reserve System in 1913. The System consists of the Federal Reserve Board in Washington, D.C.; 12 Federal Reserve Banks; and thousands of member
...
1
2
3
...

References

SHOWING 1-10 OF 120 REFERENCES
The German Slump: Politics and Economics 1924-1936
The collapse of the German economy in the interwar years provides the most dramatic case-study of a democracy faced with the major economic problems--world recession, instability in international
The economics of inflation : a study of currency depreciation in post-war Germany, 1914-1923
1. Foreign Exchanges and Internal Price Movements in Germany, 1914 to 19232. The National Finances, the Inflation and the Depreciation of the Mark3. The Divergences between the Internal Value and the
The German Twin Crisis of 1931
  • I. Schnabel
  • Economics, History
    The Journal of Economic History
  • 2004
Using information on banks' balance sheets, I analyze the causal links between the banking and currency problems in the German crisis of 1931. I find that the crisis had two independent causes:
The Birth, Life and Demise of a Currency: 50 Years of the Deutsche Mark
The Deutsche Mark (DM) was born in June 1948, establishing a new monetary regime for West Germany. Its birth was acompanied by a range of economic reforms which together with the DM brought the
The New Neoclassical Synthesis and the Role of Monetary Policy
Macroeconomics is moving toward a New Neoclassical Synthesis, which like the synthesis of the 1960s melds Classical with Keynesian ideas. This paper describes the key features of the new synthesis
Monetary Explanations of the Weimar Republic's Hyperinflation: Some Neglected Contributions in Contemporary German Literature
Contemporary analyses of the Weimar Hyperinflation by L. Albert Hahn, Ladislaus von Bortkiewicz, and Ludwig von Mises have been inadequately appreciated by earlier commentators. They used the
Golden Fetters: The Gold Standard and the Great Depression, 1919-1939
This book is a reassessment of the international monetary crises of the post-World War I period that led to the Great Depression of the 1930s. It also analyses the responses of the world economic
“Weimar on the Volga”: Causes and Consequences of Inflation in 1990s Russia Compared with 1920s Germany
This article offers a comparative analysis of the inflationary exeriences of Weimar Germany and post-Soviet Russia, applying theories about money and government budget constraints in the manner of
Monetary Policy Comes of Age: A 20th Century Odyssey
In the early 1960s the Federal Reserve (Fed) was little known outside of the financial services industry and university economics departments. Twenty years later Fed Chairman Paul Volcker was one of
The banks and the gold standard in the German financial crisis of 1931
Not all banking crises are also exchange-rate crises, and many exchange-rate crises are not banking crises, but the German financial crisis in 1931 was both. This article problematises the
...
1
2
3
4
5
...