The Bundesbank is one of the world's most powerful and successful
central banks, outstanding for its independence in the conduct of
monetary policy and for its success in the achievement of relative
price stability virtually throughout the post-war era. This
collection of essays by the President of the Bundesbank, by former
and present Board members and by Heads of Department within the
Bundesbank offer a rare inside insight into its operations. The
individual contributions to this volume explain the historical,
legal and institutional basis of German internal and external
monetary policy and highlight the goals of the German central bank
and its role in the economy as a whole. The role of the Deutschmark
as one of the leading international transaction, reserve and
investment currencies is discussed in detail. Students of monetary
management and the banking community throughout the world will
benefit greatly from a study of this unique volume.
General
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