Monetary reforms in comparison - Denmark (1813) and Germany (1948)

Seminar paper from the year 2008 in the subject Business economics - Economic and Social History, grade: 1,0, University of Aarhus, Denmark (University of Aarhus - Denmark, School of Economics and Management), language: English, abstract: In times of open or suppressed inflation when a monetary reform becomes inevitable, economic theory can help to make the right decisions. Monetary concepts like the quantity equation and the theory of monetary reforms would have helped to avoid the mistakes of the Danish reform in 1813. Additionally, they would have confirmed the decision makers of the German reform in 1948 in their actions. Fortgeschrittene offene oder gro e zuruckgestaute Inflation zieht meist zwangslaufig eine sanierende Wahrungsreform nach sich. Hierbei kann die Geldtheorie helfen, die richtigen Entscheidungen zu treffen. Konzepte wie die Quantitatsgleichung hatten geholfen, die Fehler der danischen Wahrungsreform von 1813 zu vermeiden. Die Theorie hatte die Entscheidungstrager der deutschen Wahrungsreform von 1948 in ihrem Vorhaben bestarkt.