German Monetary Statistics (Data on Monetary Policy of the German Reichsbank), 1925 – 1934.

Central topic of the study “The Reichsbank and Public Finance in Germany 1924 – 1933. A Study of the Politics of Economics during the Great Depression“, is the German Reichsbank’s monetary policy in the period from 1924 to 1933. The author, who supports the “revisionist” direction of the researcher Borchardt, identifies the expanding monetary policy of the United States as main reason for Germany’s inflationary symtoms in the second half of the nineteen-twenties. The foreign – mainly American – bonds, connected with the Daws-Agreement of 1924, affected and determined the spending policy of the state. The German Reichsbank had only restricted influence on this development. According to James the Reichsbank conducted a strong and rigid deflation policy under the leadership of the Reichsbank-President Hans Luther during the period of the great crisis. Instead, there has been a remarkable expansion of credits since summer 1931 and after the start of the reparations moratorium, aimed mainly at the promotion of certain private investments and less at job creation programs. In this context the so called “Russian businesses”, i.e. the crediting of export orders from the Soviet Union, have been the most important credit item. In the framework of the Russian businesses 150.000 more jobs had been created and some companies had been kept from closure.

Datatables in HISTAT (Topic: Geld (= Money and Currency, Financial Sector)):

Information on the new version:

Version 2.0.0:
Revision date : 01.01.2013.

Table section A:
- Change of Table numbering from old version (1.a; 1.b; and 2.0) into A.01.01; A.01.02 and A.02.
- Data description of the A-Tables: In case for the German language study-offer the Titles and Variables have been translated into German with mentioning the English Version in brackets.

Table section B:
Completely new entered part B;
Information:
Datatable B.03 is not included into the download-database histat – cross-sectional data, B.03 can be ordered via e-mail ([e-mail]).

本研究《1924–1933年德国帝国银行（Reichsbank）与公共财政：大萧条时期的经济政治研究》的核心议题，为1924年至1933年间德国帝国银行的货币政策。本研究的作者支持学者博尔查特（Borchardt）的修正主义研究路径，将美国扩张性货币政策认定为20世纪20年代后半叶德国通胀症状的核心诱因。与1924年道威斯协议（Daws-Agreement）相关的海外债券——主要为美国债券——影响并决定了德国的国家支出政策，德国帝国银行对此进程的影响力极为有限。据詹姆斯（James）的研究，大萧条时期在帝国银行行长汉斯·路德（Hans Luther）的领导下，帝国银行推行了强硬且僵化的通货紧缩政策。然而，自1931年夏季及赔款暂停偿付令实施以来，信贷规模出现了显著扩张：此类信贷主要用于推动特定私人投资，而非就业创造计划。在此背景下，所谓的“对俄贸易业务”（即为苏联出口订单提供信贷支持）成为了最重要的信贷项目。通过该对俄贸易业务，德国新增了15万个就业岗位，并挽救了部分濒临倒闭的企业。

HISTAT数据库（主题：Geld，即货币与金融领域）中的数据表：

新版本信息：
版本2.0.0：
修订日期：2013年1月1日。

表A组：
- 原版本的表编号格式（1.a、1.b及2.0）已调整为A.01.01、A.01.02及A.02。
- A组数据表的数据说明：针对德语学习版，数据表标题与变量已译为德语，并在括号中标注英文版本。

表B组：
为全新新增的B组板块；
说明：数据表B.03未纳入下载型横截面数据库histat，B.03可通过电子邮件（[e-mail]）申请获取。