Advertisement

Swiss Banking pp 199-220 | Cite as

Reconstruction

  • Hans Bauer
  • Warren J. Blackman

Abstract

The years following the 1922 post-war depression were characterised by a re-building of the monetary and banking systems of Europe on a quite different foundation than had been seen in the past. Stability returned to Germany with the introduction of the Rentenmark (one Rentenmark = 1 billon paper marks), and in the autumn of 1923 the budget had finally been balanced. Similarly, the currencies of Austria and Hungary had been stabilised.

Keywords

Foreign Exchange National Income Foreign Exchange Market Swiss Franc Capital Export 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes

  1. 6.
    Quoted in Bauer, Swiss Bank Corporation, 1872–1971, p. 244. Swiss Bank Corporation, Basle, 1972, p. 244.Google Scholar
  2. 9.
    Kellenberger, E., Kapitalexport and Zahlungsbilanz, Vol. I, p. 245 and p. 307. Pollard and Holmes, Edward Arnold, London, 1972, p. 307.Google Scholar
  3. 11.
    Schacht, Hjalmar, My First Seventy-Six Years, pp. 316–18, re-printed in Polland and Holmes, Document of Economic History, Edward Arnold, London 1972. p. 484–5.Google Scholar

Copyright information

© The estate of the late Hans Bauer and Warren J. Blackman 1998

Authors and Affiliations

  • Hans Bauer
    • 1
  • Warren J. Blackman
    • 2
  1. 1.Swiss Bank CorporationSwitzerland
  2. 2.The University of CalgaryCanada

Personalised recommendations