The History of the Bundesbank
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The History of the Bundesbank : Lessons for the European Central Bank

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Description

After fifty years the Deutsche Bundesbank - the central bank that dominated European monetary affairs - has stepped down to entrust monetary policy to the European Central Bank (ECB). This is the first research work to thoroughly explore the lessons to be learned from the Bundesbank by the ECB, in areas such as price stability and political interference.show more

Product details

  • Paperback | 176 pages
  • 156 x 234 x 9.65mm | 249g
  • Taylor & Francis Ltd
  • ROUTLEDGE
  • London, United Kingdom
  • English
  • 26 black & white tables
  • 113886627X
  • 9781138866270

Review quote

'The authors in this book are all experts in this field, and their perspective is refreshingly interdisciplinary, linking political science and economics. In this book they fill a marked gap in research literature.' - European Foundation For Management Development 'This volume is a truly rich source for further studies.' - Weltwirtschaftliches Archivshow more

Table of contents

Introduction Jakob de Haan1. Introductory remarks on 50 years of Bundesbank: lessons for the ECB André Szász2. How independent is the Bundesbank really? A survey Philipp Maier and Jakob de Haan3. The Bundesbank's reaction to policy conflicts Helge Berger and Friedrich Schneider4. From low inflation to price stability in Germany: measurement, costs and benefits Karl-Heinz Tödter and Gerhard Ziebarth5. Credibly conservative monetary policy and labour-goods-market organisation: a review with implications for ECB-led monetary policy in Europe Robert J. Franzese, Jr.6. Monetary policy of the ECB: strategy and instruments Sylvester C.W. Eijffinger7. The European central bank as a new institution and the problem of accountability Otmar Issingshow more