TY - BOOK ID - 84541413 TI - The Dissolution of the Austro-Hungarian Empire : Lessons for Currency Reform AU - Spencer, Michael. AU - Garber, Peter. PY - 1992 SN - 1462329829 1455210137 1281602787 1455277622 9786613783479 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Investments: Metals KW - Money and Monetary Policy KW - Industries: Financial Services KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Monetary Systems KW - Standards KW - Regimes KW - Government and the Monetary System KW - Payment Systems KW - Metals and Metal Products KW - Cement KW - Glass KW - Ceramics KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Monetary economics KW - Banking KW - Investment & securities KW - Finance KW - Currencies KW - Currency reform KW - Gold KW - Loans KW - Money KW - Financial institutions KW - Commodities KW - Credit KW - Banks and banking KW - Hungary UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541413 AB - This paper investigates the currency reforms undertaken subsequent to the dissolution of the Austro-Hungarian Empire in 1918. The reforms were motivated by the lack of coordination of monetary policy and the absence of a rule for sharing seigniorage. Because the Successor States’ reforms were not carried out simultaneously, individuals could choose where to convert their crowns based on where their real value was greatest. The cross-border flows of notes was substantial, to the detriment of Hungary which was last to reform. The Austrian and Hungarian currencies were stabilized only with the help of League of Nations financial programs. ER -