The Post-War Financial Rehabilitation of The Netherlands
[Book]
by P. Lieftinck.
Dordrecht
Springer Netherlands
1973
1(49 Seiten)
Economic and political background.- The excess of money.- The dangers ahead.- The monetary purge and the period of suppressed inflation, 1945-1948.- The monetary purge.- Registration of securities.- Fiscal measures.- Internal controls.- Measures with respect to foreign trade and payments.- The economic performance from 1946 until the beginning of Marshall Aid.- Marshall Aid.- The period of near-equilibrium and price liberalisation, 1949.- Internal and external performance.- Equilibrium still on fragile foundations.- Revival of inflationary pressures and deflationary measures, 1930 to mid-1951.- Intensification of demand and the absorption of liquidity.- Resumption of deliberate deflationary policies.- The establishment of internal and external equilibrium, mid-1951 to mid-1952.- Government debt and debt management.- Internal debt.- External debt.- Debt service burden.- Summary and Conclusion.
The productive capacity in industry, agriculture, transportation and infrastructure was heavily damaged, stocks were exhausted and labor productivity was serious- ly underminded (the daily food ration had reached the near- starvation level of barely 600 calories per person).1 Monetary reserves and foreign investments had suffered heavy losses.