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Monetary Overhang and Reforms in the 1940s

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Author Info
Dornbusch, Rudiger
Wolf, Holger C

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Abstract

The monetary overhang, pervasive with price controls and shortages in Eastern Europe and the Soviet Union, offers close parallels to the post-1945 picture of Europe. At that time monetary reform was used in many countries, in one form or another, to bring liquid assets in line with the prevailing level of prices. This paper reviews that experience and explores the lessons for today.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 464.

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Date of creation: Oct 1990
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Handle: RePEc:cpr:ceprdp:464

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Related research
Keywords: Monetary Overhang; Monetary Reform; Reconstruction;

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