Stable Money and Central Bank Independence: Implementing Monetary Institutions in Postwar Germany

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...

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書誌詳細
出版年:MAGKS - Joint Discussion Paper Series in Economics (Band 24-2019)
第一著者: Hefeker, Carsten
フォーマット: 論文
言語:英語
出版事項: Philipps-Universität Marburg 2019
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要約: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.
物理的記述:32 Seiten
ISSN:1867-3678
DOI:10.17192/es2024.0619