Fifty years of the Deutsche Mark

About this book

This book provides detailed independent analyses of the successes and limitations of one of the most powerful 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. This book combines chronological articles with others which follow the development 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 commercial banks, the role of the Bundesbank in European monetary integration, and the international role 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 debate over German monetary policy round the book off.