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The great financial depression of 1929-1933 (International Finance, II. Financial history) financial history



International Finance, II. Financial history by Gábor Dávid Kiss
Content:
– Economic and institutional chaos in Europe after WWI
– German post-war reparations (Ruhr occupation, Dawes Plan, Young Plan, Lausanne Conference, London Agreement)
– Deflationary Spiral
– Keynes: aggregate demand affects output and inflation
– Phillips curve:

Reading:
Melvin, M. and Norrbin, S. (2013): International Money and Finance, Academic Press
Ulrich Bindseil (2014): Monetary Policy Operations and the Financial System. Oxford University Press

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Szentmihályi Szabolcs – Világi Balázs (2015): The Phillips curve – history of thought and empirical evidence. Financial and Economic Review, Vol. 14 Issue 4., December 2015, pp. 5–38 .

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