IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v44y2024i4p802-812id2484.html
   My bibliography  Save this article

Considerations on currency reform in Germany after World War II

Author

Listed:
  • Judyta przyluska-schmitt
  • Dorota Jegorow
  • Tamás Szigetvári

Abstract

This article is theoretical and presents the currency reform of June 20, 1948,which laid the basis for the reconstruction and rebirth of the West German economy afterWorld War II. The authors analyze the conditions related to the need to carry out the reform,emphasizing the role and interests of the United States in this undertaking. It is widely believed that the reform gave rise to impressive economic growth, the so-called “economic miracle”that no one could have predicted before. A closer analysis, however, shows that the initialaim was not to pave the way for an economic miracle, but it was rather a meticulouslyprepared plan of action by the American superpower to strengthen its position in the worldand limit the influence of the socialist idea. Therefore, this paper seeks to explore the hypothesisthat the currency reform in post-WWII Germany was primarily aimed at securing Americandominance and limiting Soviet influence. JEL Classification: P16; E42; E52.

Suggested Citation

  • Judyta przyluska-schmitt & Dorota Jegorow & Tamás Szigetvári, 2024. "Considerations on currency reform in Germany after World War II," Brazilian Journal of Political Economy, Center of Political Economy, vol. 44(4), pages 802-812.
  • Handle: RePEc:ekm:repojs:v:44:y:2024:i:4:p:802-812:id:2484
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2484/2416
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Currency reform; political economy; monetary policy; Germany; World War II;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:44:y:2024:i:4:p:802-812:id:2484. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.