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| Title: | War finance, reconstruction, hyperinflation and stabilization in Hungary 1938 - 48 |
|---|---|
| From: |
Pierre L. Siklos
|
| Person: |
Siklos, Pierre L.
1955- Verfasser aut |
| Main Author: | |
| Format: | Book |
| Language: | Undetermined |
| Published: |
Basingstoke u.a.
Macmillan
1991
|
| Edition: | 1. publ. |
| Series: | St Antony's Macmillan series
|
| Notation: | NW 2450 |
| Subjects: | |
| Online Access: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003329021&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Item Description: | Literaturverz. S. 260 - 275 |
| Physical Description: | XX, 281 S. graph. Darst. |
| ISBN: | 0333525868 |
Staff View
MARC
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| 245 | 1 | 0 | |a War finance, reconstruction, hyperinflation and stabilization in Hungary |b 1938 - 48 |c Pierre L. Siklos |
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| 264 | 1 | |a Basingstoke u.a. |b Macmillan |c 1991 | |
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Record in the Search Index
| _version_ | 1819367759766618112 |
|---|---|
| adam_text | Contents
List of Tables x
List of Figures xiii
Preface xv
List of Abbreviations xviii
Chronological Survey of Major Events xix
1 Introduction and Summary 1
1.1 War Finance 2
1.2 The Economic Consequences of World
Warll 4
1.3 Hyperinflation 5
1.4 Stabilization 6
1.5 Why Study the Hungarian Hyperinflation? 7
1.6 The Framework of the Analysis 8
1.7 Plan of the Book 14
2 The Basic Data 17
2.1 Introduction 17
2.2 General Description of the Data- 19
2.2.1 Prewar Data 19
2.2.2 Data from the Hyperinflation Period 20
- Money Supply and Government
Debt 20
- Prices 27
- Unemployment and Output 39
2.3 Data from the Stabilization Period 40
3 Hungary and the German War Economy 43
3.1 Hungary’s Dilemma 43
3.2 Supplying the German War Economy 44
3.3 Conclusions 52
4 The Gyôri Programme and its Macroeconomic
Consequences 53
4.1 Introduction 53
4.2 The Gyôri Programme 54
4.3 The Credibility of the Gyôri Programme 58
vn
viii Contents
4.4 Monetary Policy and Inflation, 1938-44 60
4.5 The Impact of the Gyôri Programme on the
Labour Market 67
4.6 Conclusions 72
5 The End of the War and the Financial Toll of
Reconstruction 73
5.1 The End of the War and Its Financial Toll 73
5.2 Reparations 77
6 State Finances and Peacetime Economic Prospects 85
6.1 Introduction 85
6.2 A Difficult Beginning 85
6.3 The Inevitability of the Inflation Tax 87
6.4 The Influence of Politics in the Choice
of Policies 90
6.5 Reparations and Reconstruction 93
6.6 Conclusions 96
7 Attempts to Control Inflation 97
7.1 The Three Phases of the Hyperinflation 97
7.2 The Tax on the Pengô 100
7.3 The Pengô Indexation Experiment 102
7.4 ‘Calory’.Wages 114
7.5 The Role and Significance of Alternative
Transactions Media • 117
8 Monetary and Fiscal Policy during the
Hyperinflation 121
8.1 A Statistical Overview of the Hyperinflation 121
8.1.1 Money and Prices 121
8.1.2 Demand Money and Inflationary
Expectations 123
8.1.3 Does the Hyperinflation Constitute
a Homogeneous Period? 127
8.2 Policy Expectations and the Demand for
Money 128
8.3 The Links Between Monetary Policy and
, Inflation 134
8.4 The Tax Pengô Period and the Final
Acceleration of Inflation 138
8.5 Conclusions 142
Contents
9 The End of the Hyperinflation and Its Consequences
9.1 Introduction
9.2 A Quick End to the Hyperinflation?
9.3 The Credibility of the Stabilization of
August 1946
9.4 Monetary Policy following Stabilization :
9.4.1 Demand for Money
9.4.2 Prices, Money Supply, and
Government Debt
9.4.3 Policy Influences on Inflation
9.5 Economic Costs of Price Stability
9.5.1 Relative Price Effects
9.5.2 Employment and Unemployment
9.5.3 Output and Productivity
9.5.4 Summary and Conclusions
10 The Lessons to be Learned from the Hyperinflation s
and Its Termination .. . -i , i
10.1 Introduction
10.2 Supply-side Influences
10.3 The Role of Credibility. ¡ .
10.4 Applicability to Other Inflations . . .
10.4.1 Unemployment
10.4.2 Indexation.
10.5 Concluding Remarks
Appendix A: Historical Statistics, 1938—48
1 Daily Data: 1945-6
2 Weekly Data: 1945-8
3 Monthly Data: 1938-48
Appendix B: Additional Statistical Results
Notes and References
Bibliography
Glossary of Selected Terms
Index
ix
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147
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157
157
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| author | Siklos, Pierre L. 1955- |
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| bvnumber | BV005321880 |
| classification_rvk | NW 2450 |
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| discipline | Geschichte |
| edition | 1. publ. |
| era | Geschichte 1938-1948 gnd |
| era_facet | Geschichte 1938-1948 |
| format | Book |
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| id | DE-604.BV005321880 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T08:31:45Z |
| institution | BVB |
| isbn | 0333525868 |
| language | Undetermined |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-003329021 |
| oclc_num | 246565788 |
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| physical | XX, 281 S. graph. Darst. |
| publishDate | 1991 |
| publishDateSearch | 1991 |
| publishDateSort | 1991 |
| publisher | Macmillan |
| record_format | marc |
| series2 | St Antony's Macmillan series |
| spellingShingle | Siklos, Pierre L. 1955- War finance, reconstruction, hyperinflation and stabilization in Hungary 1938 - 48 Mathematisches Modell (DE-588)4114528-8 gnd Stabilitätspolitik (DE-588)4077791-1 gnd |
| subject_GND | (DE-588)4114528-8 (DE-588)4077791-1 (DE-588)4078541-5 |
| title | War finance, reconstruction, hyperinflation and stabilization in Hungary 1938 - 48 |
| title_auth | War finance, reconstruction, hyperinflation and stabilization in Hungary 1938 - 48 |
| title_exact_search | War finance, reconstruction, hyperinflation and stabilization in Hungary 1938 - 48 |
| title_full | War finance, reconstruction, hyperinflation and stabilization in Hungary 1938 - 48 Pierre L. Siklos |
| title_fullStr | War finance, reconstruction, hyperinflation and stabilization in Hungary 1938 - 48 Pierre L. Siklos |
| title_full_unstemmed | War finance, reconstruction, hyperinflation and stabilization in Hungary 1938 - 48 Pierre L. Siklos |
| title_short | War finance, reconstruction, hyperinflation and stabilization in Hungary |
| title_sort | war finance reconstruction hyperinflation and stabilization in hungary 1938 48 |
| title_sub | 1938 - 48 |
| topic | Mathematisches Modell (DE-588)4114528-8 gnd Stabilitätspolitik (DE-588)4077791-1 gnd |
| topic_facet | Mathematisches Modell Stabilitätspolitik Ungarn |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003329021&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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