You are not currently logged in.
Access JSTOR through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The Greek Hyperinflation and Stabilization of 1943-1946
Gail E. Makinen
The Journal of Economic History
Vol. 46, No. 3 (Sep., 1986), pp. 795-805
Stable URL: http://www.jstor.org/stable/2121485
Page Count: 11
You can always find the topics here!Topics: Hyperinflation, Economic inflation, Prices, Unemployment, Economic costs, Taxes, Economic transitions, Budget deficits, Inflation tax, World wars
Were these topics helpful?See something inaccurate? Let us know!
Select the topics that are inaccurate.
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
The Greek hyperinflation started during the Axis occupation and was the result of an excessive reliance by the puppet government on the inflation tax. The inflation reached a peak in November 1944 after liberation. The Greek government undertook three stabilization efforts spread over eighteen months before price level stability was achieved. The final effort involved fiscal reform and the creation of an independent supracentral bank. Controversy surrounds the origin and nature of the transition costs involved in stabilizing an economy. The Greek stabilization cannot resolve all the issues raised.
The Journal of Economic History © 1986 Economic History Association