Title: Fifty years of the Deutsche Mark :
Authors: Baltensperger, Ernst.; Deutsche Bundesbank.
Date: 1999
Publisher: Oxford University Press,
Physical description: xxvi, 836 pages : illustrations ; 24 cm
Language: English
LC classification: H
Abstract: 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.
Contents: Presidential Preface / Hans Tietmeyer -- Foreword / Otmar Issing -- Legacy and Fresh Start -- The Reichsbank 1876-1945 / Harold James -- The Establishment of the Bank deutscher Lander and the West German Currency Reform / Christoph Buchheim -- The Central Bank in the Constitutional and Financial Set-up of the Federal Republic of Germany -- The Note-Issuing Bank within the State Structure / Klaus Stern -- Public Finance and the Central Bank / Wolfgang Kitterer -- The Bundesbank and Financial Markets / Gunter Franke -- Monetary Policy in the Federal Republic of Germany -- Monetary Stability: Threat and Proven Response / Manfred J. M. Neumann -- Monetary Policy under Fixed Exchange Rates (1948-70) / Carl-Ludwig Holtfrerich -- A New Approach to Monetary Policy (1971-8) / Jurgen von Hagen -- Monetary Policy under Conditions of Increasing Integration (1979-96) / Ernst Baltensperger -- German Monetary Policy as Reflected in the Academic Debate / Rudolf Richter -- Aspects of Monetary Policy in the Two Germanys -- The Central Bank and Money in the GDR / H. Jorg Thieme -- The Role of the Bundesbank in Intra-German Payments / Jochen Plassmann -- German Monetary Union / Manfred E. Streit -- The International Scene -- The International Role of the Deutsche Mark / Jacob A. Frenkel and Morris Goldstein -- The Bundesbank and the Process of European Monetary Integration / Peter Bernholz.
Notes: "The translation is based on the following German edition: Fünfzig Jahre Deutsche Mark. Notenbank und Währung in Deutschland seit 1948. Verlag C.H. Beck, Munich 1998"--T.p. verso.
Subject headings (LCSH): Banks and banking, Central--Germany.; Deutsche Bundesbank.; Mark, German--History.; Monetary policy--Germany--History.; Monetary policy--Germany.; Money--Germany--History.; Money--Germany.