Fifty Years of the Deutsche Mark: Central Bank and the Currency in Germany since 1948 by Deutsche BundesbankFifty Years of the Deutsche Mark: Central Bank and the Currency in Germany since 1948 by Deutsche Bundesbank

Fifty Years of the Deutsche Mark: Central Bank and the Currency in Germany since 1948

EditorDeutsche Bundesbank

Hardcover | January 28, 1999

Pricing and Purchase Info


Earn 2,363 plum® points

Prices and offers may vary in store


Ships within 1-3 weeks

Ships free on orders over $25

Not available in stores


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. With European economic and monetary union approaching, the lessons to be learnt from theGerman experience are now more important than ever. The Deutsche Mark has been one of the most stable currencies in the world for decades. The combination of a sound monetary structure and an anti-inflationary monetary policy have been the bedrock for unprecedented German economic success. This success, however, has not been unlimited or withoutrisk. Fifty Years of the Deutsche Mark will give future European montary policy-makers the invaluable benefit of the German experience. The book combines chronological articles with others which follow the developments of a specific issue over the entire 50-year period. Issues covered include the central bank constitution, the central bank's relationship with fiscal policy-makers and with other banks, the role of the Bundesbank inEuropean monetary integration, and the international significance of the Deutsche Mark. Individual accounts of the key monetary policy events in 1948 and 1990 as well as general articles on the `message' of German monetary policy and on academic deabte over German monetary policy round the book off. Sixteen eminent independent scholars were asked by the Bundesbank to contribute to this volume, and given full access to the Bank's records. The resulting articles provide comprehensive analysis of the successes and limitations of Europe's most powerful central bank. On June 20th, 1998, theDeutsche Mark will be 50 years old: this book will ensure that its legacy lives on.
The 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).
Title:Fifty Years of the Deutsche Mark: Central Bank and the Currency in Germany since 1948Format:HardcoverDimensions:862 pages, 9.21 × 6.14 × 2.17 inPublished:January 28, 1999Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198292546

ISBN - 13:9780198292548

Look for similar items by category:


Table of Contents

Hans Tietmeyer: PrefaceOtmar Issing: ForewordPart I: Legacy and Fresh Start1. Harold James: The Reichsbank, 1876-19452. Christoph Buchheim: The Establishment of the Bank deutscher Lander and the West German Currency ReformPart II: The Central Bank in the Constitutional and Financial Set-up of the Federal Republic of Germany3. Klaus Stern: The Note-issuing Bank within the State Structure4. Wolfgang Kitterer: Public Finance and the Central Bank5. Gunter Franke: The Bundesbank and the MarketsPart III: Monetary Policy in the Federal Republic of Germany6. Manfred J. M. Neumann: Monetary Stability: Threat and Proven Response7. Carl-Ludwig Holtfrerich: Monetary Policy under Fixed Exchange Rates (1948-70)8. Jurgen von Hagen: A New Approach to Monetary Policy (1971-8)9. Ernst Baltensperger: Monetary Policy under Conditions of Increasing Integration (1979-96)10. Rudolf Richter: German Monetary Policy: The Academic DebatePart IV: Aspects of Monetary Policy in the Two Germanys11. H. Jorg Thieme: The Central Bank and Money in the GDR12. Jochen Plassman: The Role of the Bundesbank in Intra-German Payments13. Manfred E. Streit: German Monetary UnionPart V: The International Scene14. Jacob A. Frenkel and Morris Goldstein: The international Role of the Deutsche Mark15. Peter Bernholz: The Bundesbank and the Process of European Monetary Integration

Editorial Reviews

It 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 Illinois