Author : Michael R. Palairet
Publisher : Museum Tusculanum Press
ISBN 13 : 9788772895826
Total Pages : 184 pages
Book Rating : 4.8/5 (958 download)
Book Synopsis The Four Ends of the Greek Hyperinflation of 1941-1946 by : Michael R. Palairet
Download or read book The Four Ends of the Greek Hyperinflation of 1941-1946 written by Michael R. Palairet and published by Museum Tusculanum Press. This book was released on 2000 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Places emphasis on policy decision-making in Greece in the 1940s which resulted in an extraordinary long fifty months hyperinflation. Throughout the entire period, the government of Greece was financed mainly from seigniorage, and barely at all from fiscal taxation. The author asks how this was contrived over so long a period without destroying the tax-base afforded by the transactions demanded for flat money. The book is, however, far more than an extended analysis of monetary economics. Rather it explores the history and structural basis for the policies pursued by the occupation and liberation governments of Greece, and their interactions with the policies of the Axis and later, British authorities. For sources, the work draws heavily not only on the existing literature, but also on the Bank of England and British Treasury papers of the period. Dr Michael Palairet is a lecturer at Department of Economic and Social History, University of Edinburgh.