Fifty Years of the Deutsche Mark - Central Bank and the Currency in Germany since 1948 (Hardcover)

This 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 with fiscal policy-makers and with other banks, the role of the Bundesbank in European monetary integration, and the international significance of the Deutsche Mark. Individual accounts of the key monetary policy events in 1948 and 1990 as well as general articles on the `message' of German monetary policy and on academic deabte over German monetary policy round the book off. Sixteen eminent independent scholars were asked by the Bundesbank to contribute to this volume, and given full access to the Bank's records. The resulting articles provide comprehensive analysis of the successes and limitations of Europe's most powerful central bank. On June 20th, 1998, the Deutsche Mark will be 50 years old: this book will ensure that its legacy lives on.

General

Imprint:	Clarendon Press
Country of origin:	United Kingdom
Release date:	1999
Editors:	Deutsche Bundesbank
Dimensions:	241 x 163 x 55mm (L x W x T)
Format:	Hardcover
Pages:	862
ISBN-13:	978-0-19-829254-8
Categories:	Books > Business & Economics > Economics > Political economy Books > Humanities > History > History of specific subjects > Economic history Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Finance & accounting > Finance > Banking Books > Humanities > History > World history > From 1900 > Postwar, from 1945 Books > History > History of specific subjects > Economic history Books > History > World history > From 1900 > Postwar, from 1945 Books > Money & Finance > Banking
LSN:	0-19-829254-6
Barcode:	9780198292548

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