The Hungarian hyperinflation: A look into the production side

Vinitha KUMAR

Abstract


Abstract. This paper focuses on what happened to industrial production during and after Hungary’s record-breaking hyperinflation of 1945-46 – an angle that has not been covered extensively by previous authors. The industries covered are coal, railways, agriculture and mining. This paper then explores the relationship between post-World War II production and hyperinflation, as well as Hungary’s recovery from hyperinflation and World War II relative to other countries.

Keywords. Hungary, hyperinflation, Orthodoxy.

JEL. N14, N17.

Keywords


Hungary; Hyperinflation; Orthodoxy.

Full Text:


References


Ecker-Racz, L.L. (1946). Hungarian economic developments January 1945–June 1946. Unpublished manuscript. U.S. Legation, Budapest.

Ecker-Racz, L.L. (1954). The Hungarian Economy, 1920-1954. Council for Economic and Industrial Research, Inc., p.12.

Ecker-Racz, L.L. (1946). The Hungarian currency stabilization, Memo, Budapest, p.7.

Encyclopedia of Money.(2015). Hungarian post–World War II hyperinflation. Encyclopedia of Money, [Retrieved from].

Exchange Currency. (2015). Hungarian Forint. [Retrieved from].

Grossman, P.Z., & Horváth, J. (2000). The dynamics of the Hungarian hyperinflation, 1945-6: A new perspective Scholarship and Professional Work - Business. Paper No.29. [Retrieved from].

Hanke, S.H., & Krus, N. (2012). World hyperinflation. Cato Institute Working Papers Cato Institute. [Retrieved from].

Hoensch, J. (2015). A History of Modern Hungary: 1867-1994. Trans. Kim Traynor. 2nd ed. London: Longman.

Hungarian Central Statistical Office, (2019). Cited as the source for. [Retrieved from].

Hungarian Central Creditbank, (1946). Appendix I, (GK 324.4, M27s). Print.

Maddison Project Database, (2013). [Retrieved from].

Makinen, G.E. (2014). Studies in Hyperinflation and Stabilization. New York: Center for Financial Stability.

National Bank of Hungary (1947). Magyar Nemzeti Bank. Hungary in Statistical Tables. Budapest: National Bank of Hungary, No.9781.

National Bank of Hungary (1945). Magyar Nemzeti Bank. Monthly Bulletin of the National Bank of Hungary, No.7-12, pp.15-47. Hungarian Monthly Bulletin, No.1-6, Jan.-June 1946. Hungarian Monthly Bulletin, No. 7-8, July-Aug. 1947. pp.182-183. Budapest.

Siklos, P.L. (1989). The end of the Hungarian hyperinflation of 1945-1946. Journal of Money, Credit and Banking, 21(2), 135-47. doi. 10.2307/1992364

Siklos, P. (1991). War Finance, Reconstruction, Hyperinflation, and Stabilization in Hungary, 1938-1948. New York: St. Martin’s Press.

Stowe, L. (2015). Hungary's agrarian revolution. Foreign Affairs. 11 Oct. [Retrieved from].

Vas, Z., & Gonda, L. (1977). 30 Eves a Forint [30 Years of the Forint]. Budapest.

Winkle, F.F. (1947). Inflation and stabilization of Hungarian currency. South African Journal of Economics, 15(3), 183-184. doi. 10.1111/j.1813-6982.1947.tb01502.x




DOI: http://dx.doi.org/10.1453/jel.v7i1.2004

Refbacks

  • There are currently no refbacks.


.......................................................................................................................................................................................................................................................................................................................................

Journal of Economics Library - J. Econ. Lib. - JEL - www.kspjournals.org

ISSN: 2149-2379

Editor: [email protected] Secretarial: [email protected]   Istanbul - Turkey.

Copyright © KSP Library