||||"...Masterly and thoroughly up-to-date... It should immediatley find its way on to all reading lists for graduate and undergraduate courses in international economic history...a lasting work of reference."--Journal of Economic Literature|||
The financial history of interwar Europe was dominated by catastrophic episodes of hyper-inflation, dramatic exchange rate crises, massive and destabilizing movements of gold and capital, and extensive banking failures. In their attempt to restore and sustain the gold standard as the basis of the international monetary system, many countries were compelled to resort to deflationary fiscal and monetary policies of exceptional severity. The policies thus adopted in
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