Research in Economic History. Volume 21 by A.J. Field, G. Clark, W. Sundstrom

By A.J. Field, G. Clark, W. Sundstrom

Quantity 21 of study in monetary historical past is a considerable contribution in numerous respects. Its heft displays the ongoing bring up in caliber submissions to this sequence, which invitations (although it doesn't require) authors to exploit much less stringent area barriers than is usually actual in a magazine article.The papers supply local range: papers with imperative concentrate on England, one on Germany, one on Australia, and 3 at the usa. There are a few commonalities in topics: we've got 3 papers on 1931, 3 papers that experience whatever to do with banks, on city monetary historical past, and on salary stickiness, albeit in numerous nations and addressing exertions markets a number of centuries aside. What could be stated of all of those inquiries, even though, is that every includes the cautious attention of quantitative and qualitative facts inside of a good articulated theoretical framework. And in virtually each case, we now have unique research of fundamental resource material.It's a excitement during this quantity to post paintings of students in any respect phases in their careers. we have now contributions starting from these of lately minted Ph.D.s to these of exceptional senior students. every one of those articles is written with care, polish, and sometimes ardour. educational disciplines flourish - and monetary heritage isn't any exception — whilst students immerse themselves of their topics and mix this with commitments to good judgment and proof, aspect, and readability of exposition. the implications are the attention-grabbing papers and nice scholarship obtrusive here.We stay up for carrying on with to submit leading edge, good written and punctiliously thought of contributions to monetary background, supplying a distinct segment which enhances retailers similar to the magazine of financial historical past, Explorations in fiscal background, and the industrial heritage evaluate. strength individuals are advised to touch the editor for info on submission necessities.

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3. 129). See also p. 16. By contrast, the emphases in James (2001b, pp. 59–63) more closely parallel his 1986 study. 4. See the discussion in Eichengreen and Hatton (1988) and Stachura (1986). Unemployment figures for Germany were published monthly in the German Statistisches Reichsamt’s widely read Wirtschaft und Statistik. The same figures also appeared in the Monthly Bulletin of Statistics published by the League of Nations, where it is explained that they are for the end of the month and cover trade unionists.

Because large navies were expensive, arms races also posed real threats to budgets in many countries. In the Spring of 1931, Lamont and other bankers were optimistic about Germany in part because of their confidence in the prospects for additional arms control agreements. g. other parts of the letter of March 10, probably by Lamont, quoted earlier or the reference to increased “prospects for political security in Europe” in the Morgan partners’ letter of March 14, 1931, above. Put simply, arms races raised country credit risks.

By June 13th, the gold drain was so severe that the Reichsbank raised its discount rates two full points in an attempt to sustain the gold value of the Reichsmark. Over the next few days, the financial situation worsened, 4259 Ch01 4/12/02 9:42 am Page 31 German Currency Crisis Table 8. 1 31 Weekly Reserves at the Reichsbank (Million RM). 31 2216 2216 2244 2244 2244 2254 2266 2285 2285 2286 2286 2323 2344 2345 2348 2368 2370 2370 2370 2390 2300 1766 1411 1421 1422 1366 1353 1368 400 268 196 199 198 181 175 166 189 209 223 188 166 114 132 158 169 171 197 186 113 104 93 300 371 244 160 246 161 200 207 172 178 192 202 160 166 179 196 157 143 187 207 168 175 186 200 174 177 199 214 78 84 79 74 45 Source: Die Bank, 1931, various issues.

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