Fifty Years Of The Deutsche Mark: Central Bank And The Currency In Germany Since 1948

Fifty Years Of The Deutsche Mark: Central Bank And The Currency In Germany Since 1948

This book provides detailed independent analyses of the successes and limitations of one of the most successful economic relationships in recent history: the Deutsche Mark and the Deutsche Bundesbank. Issues covered include the central bank constitution, the central bank's relationship with fiscal policy-makers and with other banks, and the international significance of the Deutsche Mark. With European economic and monetary union approaching, the lessons to be learnt from the German experience are now more important than ever.Review`An eminently readable and scholarly collection which uses the archives of the Bundesbank ... the very considerable contribution that this book will make to the monetary history of both Germany and Europe'Economic History SocietyIt contains an excellent collection of representative papers covering a wide spectrum of real options from both theoretical and practical viewpoints. I recommend it to anyone who wants to learn more about a relatively new and very exciting branch of financial engineering. - Alexander Lipton,Vice President, Deutsche Bank, Professor, University of IllinoisAbout the AuthorThe Deutsche Bundesbank (German for German Federal Bank) is the central bank of the Federal Republic of Germany and as such part of the European System of Central Banks (ESCB).