Publication: How the German crisis of 1931 swept across Europe: a comparative view from Stockholm
How the German crisis of 1931 swept across Europe: a comparative view from Stockholm
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Straumann, T., Kugler, P., & Weber, F. (2017). How the German crisis of 1931 swept across Europe: a comparative view from Stockholm. Economic History Review, 70(1), 224–247. https://doi.org/10.1111/ehr.12334
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According to conventional wisdom, the fall of the Swedish currency in September 1931 was caused by the sterling crisis. This article shows that the road towards devaluation began earlier and that financial linkages with Germany proved to be more important than Sweden's economic and monetary relations with Great Britain. It all started in late 1929 when the Swedish financier Ivar Kreuger gave a loan to the German government in exchange for the match monopoly, thus tying his business ventures to Germany's solvency. In addition, a part o
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- Straumann, Tobias
- Kugler, Peter
- Weber, Florian
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Straumann, T., Kugler, P., & Weber, F. (2017). How the German crisis of 1931 swept across Europe: a comparative view from Stockholm. Economic History Review, 70(1), 224–247. https://doi.org/10.1111/ehr.12334
