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Reparations revisited: the role of economic advisers in reforming German central banking and public finance
Financial History Review Pub Date : 2019-12-26 , DOI: 10.1017/s0968565019000258
Robert Yee

The economic advisers of the 1924 Dawes Committee enacted currency and banking reforms as a means of resolving financial and geopolitical problems. Although the committee members stated that they had no plans to resolve the Ruhr occupation, evidence from the technical advisers demonstrated the opposite. Economists Edwin Kemmerer, Joseph Davis and Arthur Young sought to appease Franco-Belgian demands for a resolution to the reparations debate by balancing the German budget and reorganising the banking system, thereby also addressing the question of military occupation. This research delves into the advisers’ reports on public finance, currency stabilisation and the gold standard, arguing that their attempts to assuage reparation-related concerns rested on major reforms to German central banking.

中文翻译:

重新审视赔偿:经济顾问在德国中央银行和公共财政改革中的作用

1924 年道斯委员会的经济顾问制定了货币和银行改革作为解决金融和地缘政治问题的手段。尽管委员会成员表示他们没有解决鲁尔占领的计划,但技术顾问提供的证据却恰恰相反。经济学家 Edwin Kemmerer、Joseph Davis 和 Arthur Young 试图通过平衡德国预算和重组银行系统来满足法国和比利时对解决赔偿辩论的要求,从而解决军事占领问题。这项研究深入研究了顾问们关于公共财政、货币稳定和金本位制的报告,认为他们试图缓解与赔偿相关的担忧取决于对德国中央银行的重大改革。
更新日期:2019-12-26
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