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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...
Sparad:
| I publikationen: | MAGKS - Joint Discussion Paper Series in Economics (Band 24-2019) |
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| Huvudupphovsman: | |
| Materialtyp: | Artikel |
| Språk: | engelska |
| Publicerad: |
Philipps-Universität Marburg
2019
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| Ämnen: | |
| Länkar: | PDF-fulltext |
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| Sammanfattning: | 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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| Fysisk beskrivning: | 32 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0619 |