How accurate is it to suggest that the Treaty of Versailles was mainly responsible for the political and economic instability in Germany in the years 1919-23?

How accurate is it to suggest that the Treaty of Versailles was mainly responsible for the political and economic instability in Germany in the years 1919-23?
The Treaty of Versailles was signed on 28th June 1919 by the German representatives, in the company of the allied leaders (big three), in the Hall of Mirrors at Versailles near Paris. The TOV fundamentally compounded many economic problems and is led to the political instability of the left and right wing governments, therefore making the TOV the main factor responsible for the political and economic instability in Germany in the years directly after the signing of the treaty. However there are other contributory factors for the instability faced by the economy and political side in Germany which cannot be ignored as they all hold some significance, these include: conservative influence, the constitution and early Weimar policies.
