The 1920´s hyperinflation in the light of the Rational Expectations Hypothesis

Essay from the year 2006 in the subject Economics - History, grade: 1,0, University of Warwick, course: International Economic Systems since 1918, language: English, abstract: After the First World War, Europe had lost its unrivalled economic hegemony over the rest of the world. The very fundament of the world economy, which supposedly had given stability over all the years, namely the gold standard, had practically disappeared. Except for the US Dollar, major currencies were no more backed...