Stable money and central bank independence : implementing monetary institutions in postwar Germany

Carsten Hefeker

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.

MoreLess

Year of publication:	[2019]
Authors:	Hefeker, Carsten
Publisher:	Marburg : Philipps-University Marburg, School of Business and Economics
Subject:	Currency reform \| Bundesbank \| central bank independence \| institutional reform \| Zentralbankunabhängigkeit \| Central bank independence \| Deutschland \| Germany \| Geldpolitik \| Monetary policy \| Währungsreform \| Zentralbank \| Central bank \| Welt \| World \| Institutioneller Wandel \| Institutional change

Extent:	1 Online-Ressource (circa 32 Seiten)
Series:	Joint discussion paper series in economics : publ. by the Universities of Aachen, Gießen, Göttingen, Kassel, Marburg, Siegen. - Marburg : Philipps University Marburg, Department of Business Administration & Economics, ISSN 1867-3678, ZDB-ID 2499212-4. - Vol. no. 2019, 24
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/204819 [Handle]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E58 - Central Banks and Their Policies ; N14 - Europe: 1913- ; N24 - Europe: 1913-
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012104198