Description
Book SynopsisThis book provides detailed independent analyses of the successes and limitations of one of the most successful economic relationships in recent history: the Deutsche Mark and the Deutsche Bundesbank. With European economic and monetary union approaching, the lessons to be learnt from the German experience are now more important than ever. The Deutsche Mark has been one of the most stable currencies in the world for decades. The combination of a sound monetary structure and an anti-inflationary monetary policy have been the bedrock for unprecedented German economic success. This success, however, has not been unlimited or without risk. Fifty Years of the Deutsche Mark will give future European montary policy-makers the invaluable benefit of the German experience. The book combines chronological articles with others which follow the developments of a specific issue over the entire 50-year period. Issues covered include the central bank constitution, the central bank''s relationship wi
Trade ReviewThis publication well serves its purpose as the compendium of Bundesbank monetary policy and will doubtless become the standard reference book. * Financial History Review *
An impressive and encompassing work, and there is no question that this book will be essential reading in the study of German policy-making. * International Finance *
For those interested in policy-making [in West Germany] - The Bundesbank's Fifty Years of the Deutsche Mark will make fascinating reading. * International Finance *
Table of ContentsPART I: LEGACY AND FRESH START ; PART II: THE CENTRAL BANK IN THE CONSTITUTIONAL AND FINANCIAL SET-UP OF THE FEDERAL REPUBLIC OF GERMANY ; PART III: MONETARY POLICY IN THE FEDERAL REPUBLIC OF GERMANY ; PART IV: ASPECTS OF MONETARY POLICY IN THE TWO GERMANYS ; PART V: THE INTERNATIONAL SCENE
