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WHAT WAS THE MARKET VALUE OF DAIMLER DURING THE GERMAN HYPERINFLATION?
Author(s) -
MOORE LYNDON
Publication year - 2011
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.2010.00311.x
Subject(s) - hyperinflation , economics , german , equity (law) , value (mathematics) , monetary economics , mathematics , philosophy , monetary policy , political science , linguistics , statistics , law
The claim of Bresciani‐Turroni that Daimler's equity capital reached the equivalent of only 327 of their cars during the German hyperinflation has spread widely through the hyperinflation literature. There are two critical errors in Bresciani‐Turroni's calculation, and the minimum market value of Daimler in November 1922 was far lower, at around 94 cars. ( JEL E31, G12)