Dokument
| Titel: | Stable Money and Central Bank Independence: Implementing Monetary Institutions in Postwar Germany |
| Autor: | Hefeker, Carsten |
| Veröffentlicht: | 2019 |
| URI: | https://archiv.ub.uni-marburg.de/es/2024/0619 |
| DOI: | https://doi.org/10.17192/es2024.0619 |
| URN: | urn:nbn:de:hebis:04-es2024-06192 |
| ISSN: | 1867-3678 |
| DDC: | 330 Wirtschaft |
| Publikationsdatum: | 2024-01-19 |
| Lizenz: | https://rightsstatements.org/vocab/InC-NC/1.0/ |
| Schlagwörter: |
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| Currency reform, institutional reform., Bundesbank, central bank independence |
Summary:
Germany prides itself in having one of the most successful central banks and currencies with respect to independence and stability. I show that not only were both imposed on the country after 1945 but that there was also initial resistance to both among German experts and officials. This was then a rare case of successful imposition of institutions from abroad. Events are discussed in light of Peter Bernholz’s requirements for stable money and a successful central bank.
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