Economic consequences of the 1953 London Debt Agreement
In 1953, the Western Allied powers approved the London Debt Agreement, a radical plan to eliminate half of Germany’s external debt and create generous repayment conditions for the remainder. Using new data from the historical monthly reports of the Deutsche Bundesbank, this column argues that the ag...
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| Format: | Record |
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Centre for Economic Policy Research
2016
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| _version_ | 1826289777234673664 |
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| author | Galofre-Vila, G McKee, M Meissner, C Stuckler, D |
| author_facet | Galofre-Vila, G McKee, M Meissner, C Stuckler, D |
| author_sort | Galofre-Vila, G |
| collection | OXFORD |
| description | In 1953, the Western Allied powers approved the London Debt Agreement, a radical plan to eliminate half of Germany’s external debt and create generous repayment conditions for the remainder. Using new data from the historical monthly reports of the Deutsche Bundesbank, this column argues that the agreement spurred economic growth by creating fiscal space for public investment, lowering costs of borrowing, and stabilising inflation. |
| first_indexed | 2024-03-07T02:34:04Z |
| format | Record |
| id | oxford-uuid:a833269e-7a69-46da-8413-58b8b1a8a51f |
| institution | University of Oxford |
| last_indexed | 2024-03-07T02:34:04Z |
| publishDate | 2016 |
| publisher | Centre for Economic Policy Research |
| record_format | dspace |
| spelling | oxford-uuid:a833269e-7a69-46da-8413-58b8b1a8a51f2022-03-27T02:59:47ZEconomic consequences of the 1953 London Debt AgreementRecordhttp://purl.org/coar/resource_type/c_1843uuid:a833269e-7a69-46da-8413-58b8b1a8a51fSymplectic Elements at OxfordCentre for Economic Policy Research2016Galofre-Vila, GMcKee, MMeissner, CStuckler, DIn 1953, the Western Allied powers approved the London Debt Agreement, a radical plan to eliminate half of Germany’s external debt and create generous repayment conditions for the remainder. Using new data from the historical monthly reports of the Deutsche Bundesbank, this column argues that the agreement spurred economic growth by creating fiscal space for public investment, lowering costs of borrowing, and stabilising inflation. |
| spellingShingle | Galofre-Vila, G McKee, M Meissner, C Stuckler, D Economic consequences of the 1953 London Debt Agreement |
| title | Economic consequences of the 1953 London Debt Agreement |
| title_full | Economic consequences of the 1953 London Debt Agreement |
| title_fullStr | Economic consequences of the 1953 London Debt Agreement |
| title_full_unstemmed | Economic consequences of the 1953 London Debt Agreement |
| title_short | Economic consequences of the 1953 London Debt Agreement |
| title_sort | economic consequences of the 1953 london debt agreement |
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