MONETARY REFORM OF LUDWIG ERHARD IN 1948 AND THE POSSIBILITIES OF APPLYING ITS PRINCIPLES IN MODERN UZBEKISTAN

Authors

  • Eraliev Alisher Abdulhalilovich Lecturer at the Department of «Economics» Andijan State Technical Institute

DOI:

https://doi.org/10.17605/

Keywords:

Monetary reform, Ludwig Erhard, Deutsche Mark, Reichsmark, price liberalization, black market, hyperinflation, economic miracle, currency liberalization, subsidies, competition.

Abstract

The article examines Ludwig Erhard's monetary reform of 1948 in West Germany. The key mechanism: exchanging Reichsmarks for Deutsche Marks at a 10:1 ratio, keeping wages and pensions at a 1:1 ratio, and liberalizing prices. The goal is to determine the applicability of the reform in modern Uzbekistan. Conclusion: Uzbekistan does not need a confiscatory reform, but some of Erhard's principles (currency liberalization, tax cuts, phased abandonment of subsidies) are already being implemented.

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Published

2026-10-10

Issue

Vol. 7 No. 10 (2026): Wos

Section

Articles

License

Copyright (c) 2026 Web of Scientist: International Scientific Research Journal

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