| The History of the Bundesbank: Lessons for the European Central Bank Contributor(s): de Haan, Jakob (Editor) |
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ISBN: 0415217237 ISBN-13: 9780415217231 Publisher: Routledge OUR PRICE: $218.50 Product Type: Hardcover - Other Formats Published: March 2000 Annotation: After fifty years the Deutsche Bundesbank - the central bank that ruled European monetary affairs - stepped down to entrust monetary policy to the European Central Bank (ECB). The ECB is largely modelled after the Bundesbank. No doubt, this has something to do with the success of the Bundesbank in keeping inflation low. What lessons can be learnt for the ECB from the experience of the Bundesbank? The Bundesbank has been, and in the near future the ECB will be, the most important macroeconomic institution for more than two decades. The essays ask formerly taboo questions such as how independent is the Bundesbank, and reveal some evidence that the bank sometimes had to trade-off political demands and price stability. |
| Additional Information |
| BISAC Categories: - Business & Economics | Banks & Banking - Business & Economics | Economics - General |
| Dewey: 332.110 |
| LCCN: 99046623 |
| Lexile Measure: 1460 |
| Series: Routledge International Studies in Money and Banking |
| Physical Information: 0.74" H x 6.4" W x 9.52" (0.88 lbs) 176 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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. |
