The Borchardt Hypothesis
A Cliometric Reassessment of Germany's Debt and Crisis during 1930-1932
Bibliographic Data
| ID | 5752823 |
|---|---|
| Authors | Tai-Kuang Ho, Tai‐kuang Ho (0000-0002-2010-5358, National Chung Cheng University, corresponding author), Ya-Chi Lin, Ya‐Chi Lin (0000-0003-3085-7614, National Chung Cheng University), Kuo-Chun Yeh, Kuo‐chun Yeh (0000-0002-2430-3802, National Chung Cheng University) |
| Year | 2022 |
| Volume | 82 |
| Issue | 3 |
| Pages | 691-726 |
| Publication date | 2022-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050722000262 |
| OpenAlex | W4283814675 |
| Language | EN |
| Citations received | 2 |
| References cited | 62 |
This research examines whether an alternative exchange rate policy could have mitigated Germany's recession from April 1930 to May 1932, when Heinrich Brüning was Reichskanzler of the Weimar Republic. Using an open-economy dynamic model as our analytical framework, we examine the arguments against adopting the devaluation policy. Our counterfactual analysis suggests that a widely held belief-that floating the Reichsmark would have led to high inflation-is unwarranted. Despite Germany's high foreign debt, floating the Reichsmark would have led tolessof a decline in both real GDP and employment for the country during the Great Depression
Counterfactual thinking · Debt · Devaluation · Economics · Exchange rate · External debt · Financial crisis · Floating exchange rate · German · Inflation (cosmology) · Keynesian economics · Macroeconomics · Monetary economics · Monetary policy · Recession · Weimar Republic · European Monetary and Fiscal Policies · Global Financial Crisis and Policies · Monetary Policy and Economic Impact · Philosophy
The German slump
Golden fetters
Wages of Destruction
German Business Cycles, 1924-1933.
German Reparations, 1919–1932
Das Bruttosozialprodukt in Deutschland nach den amtlichen Volkseinkommens- und Sozialproduktsstatistiken 1901-1995
Debt, Crisis, and the Rise of Hitler
The German transfer problem, 1920–33
The Gold Standard and the Great Depression
Exchange Rates and Economic Recovery in the 1930s
The Shoe That Didn't Drop
Rule Rather than Exception
American 'Reparations' to Germany, 1919-33
Exchange, Prices And Production In Hyper-Inflation
Were capital flows the culprit in the Weimar economic crisis
Central Bank Cooperation at the Bank for International Settlements, 1930–1973
The mother of all sudden stops
Unemployment in the Third Reich
The Borchardt Hypothesis
The German Twin Crisis of 1931
The German Business Cycle in the 1920's
The German Business Cycle in the 1920's
The Economics and Finance of Bilateral Clearing Agreements
The Beginning of the Depression in Germany, 1827-30
The Beginning of the Depression in Germany
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2022 - 2025 (4) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |