▼ Pressen skrev
▼ Din mening
▼ Kunder, som har købt denne titel, købte også
The Four Ends of the Greek Hyperinflation of 1941-1946 places emphasis on the policy decision-making in Greece in the 1940s which resulted in an extraordinary long 56 months hyperinflation. Throughout the entire period, the government of Greece was financed mainly from seigniorage, and barely at all from fiscal taxation. The author asks how this was contrived over so long a period without destroying the tax-base afforded by the transactions demanded for fiat money.
The book is, however, far more than an extended analysis of monetary economics. Rather it explores the history and structural basis for the policies pursued by the occupation and liberation governments of Greece, and their interactions with the policies of the Axis and later, British authorities. For sources, the work draws heavily not only on the existing literature, but also on the Bank of England and British Treasury papers of the period.
Dr. Michael Palairet is a senior lecturer in the Department of Economic and Social History, University of Edinburgh, Scotland.
Introduction: Hyperinflation and stabilisation
Defeat, Occupation and Economic Collapse (1941-42)
The first “end” of the Greek hyperinflation: Neubacher’s stabilisation
and the “gold-action”
Wages, living conditions and profiteering under Axis occupation
Waley’s stabilisation (November 1944)
The Third “End”: The Varvaressos Reform (June 1945)
The fourth “End”: The Anglo Greek Financial Agreement
and its aftermath
The four "ends:" An interpretation
Monthly inflation variables, 1941-46
The price level (table A1)
The gold exchange rate of the drachma (table A2)
The money supply, M0 and M1 (table A3)
Occupation costs, Aug. 1941-Oct. 1944 (table A4)
Real wages (tables A6 and A7)
Conversion of rent inclusive cost of living series to standardized
The gold price and the index of consumer prices in gold
Greek occupation payments 1941-44
Money supply and seigniorage
Real wages and salaries in occupied Greece
Real wages and salaries in liberated Greece
"a very readable and well-documented book...highly recommended for economists interested in hyperinflation and for historians interested in war and post-war Greece, as it integrates economic and political factors and addresses the sequence of stabilisation attempts as a whole."
- Emanuel Kohlscheen (Stockholm School of Economics), Scandinavian Economic History Review
Indlæg offentliggøres med navn og e-mail. Forlaget forbeholder sig ret til at redigere og udelade indlæg.
Kunder, som har købt denne titel, købte også