01747cas a2200253 a 4500 AALejournalIMF008091 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848731 1018-5941 BD-DhAAL BD-DhAAL Spencer, Michael. The Dissolution of the Austro-Hungarian Empire : Lessons for Currency Reform / Michael Spencer, Peter Garber. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (50 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper investigates the currency reforms undertaken subsequent to the dissolution of the Austro-Hungarian Empire in 1918. The reforms were motivated by the lack of coordination of monetary policy and the absence of a rule for sharing seigniorage. Because the Successor States' reforms were not carried out simultaneously, individuals could choose where to convert their crowns based on where their real value was greatest. The cross-border flows of notes was substantial, to the detriment of Hungary which was last to reform. The Austrian and Hungarian currencies were stabilized only with the help of League of Nations financial programs. Mode of access: Internet Garber, Peter. IMF Working Papers; Working Paper ; No. 1992/066 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/066/001.1992.issue-066-en.xml IMF e-Library