Author: J. Leaman
Publisher: Springer
ISBN: 0230373410
Category : Political Science
Languages : en
Pages : 292
Book Description
Until recently, central bank independence was confined to just two major capitalist countries: the USA and Germany. As a result of stagflation and the voguish espousal of neo-liberalism in the 1980s, the institution has been adopted in most OECD and in many other countries. This book questions the principle of autonomy, examining the Bundesbank in historical context and exposing the flaws in both the technical and the political case for the wholesale adoption of the Bundesbank model by other states.
The Bundesbank Myth
Author: J. Leaman
Publisher: Springer
ISBN: 0230373410
Category : Political Science
Languages : en
Pages : 292
Book Description
Until recently, central bank independence was confined to just two major capitalist countries: the USA and Germany. As a result of stagflation and the voguish espousal of neo-liberalism in the 1980s, the institution has been adopted in most OECD and in many other countries. This book questions the principle of autonomy, examining the Bundesbank in historical context and exposing the flaws in both the technical and the political case for the wholesale adoption of the Bundesbank model by other states.
Publisher: Springer
ISBN: 0230373410
Category : Political Science
Languages : en
Pages : 292
Book Description
Until recently, central bank independence was confined to just two major capitalist countries: the USA and Germany. As a result of stagflation and the voguish espousal of neo-liberalism in the 1980s, the institution has been adopted in most OECD and in many other countries. This book questions the principle of autonomy, examining the Bundesbank in historical context and exposing the flaws in both the technical and the political case for the wholesale adoption of the Bundesbank model by other states.
Bankers, Bureaucrats, and Central Bank Politics
Author: Christopher Adolph
Publisher: Cambridge University Press
ISBN: 110703261X
Category : Business & Economics
Languages : en
Pages : 389
Book Description
Adolph illustrates the policy differences between central banks run by former bankers relative to those run by bureaucrats.
Publisher: Cambridge University Press
ISBN: 110703261X
Category : Business & Economics
Languages : en
Pages : 389
Book Description
Adolph illustrates the policy differences between central banks run by former bankers relative to those run by bureaucrats.
Central Bank Independence and the Legacy of the German Past
Author: Simon Mee
Publisher: Cambridge University Press
ISBN: 9781108731300
Category : Business & Economics
Languages : en
Pages : 371
Book Description
The 2008 financial crisis led to more and more frequent political attacks on central banks. The recent spotlight on central bank independence is reminiscent of the fiery debates amongst Germany's political elites in 1949 on the same issue; debates that were sparked by the establishment of West Germany in that year. Simon Mee shows how, with the establishment of West Germany's central bank - today's Deutsche Bundesbank - the country's monetary history became a political football, as central bankers, politicians, industrialists and trade unionists all vied for influence over the legal provisions that set out the remit of the future monetary authority. The author reveals how a specific version of inter-war history, one that stresses the lessons learned from Germany's periods of inflation, was weaponised and attached to a political, contemporary argument for an independent central bank. The book challenges assumptions around the evolution of central bank independence with continued relevance today.
Publisher: Cambridge University Press
ISBN: 9781108731300
Category : Business & Economics
Languages : en
Pages : 371
Book Description
The 2008 financial crisis led to more and more frequent political attacks on central banks. The recent spotlight on central bank independence is reminiscent of the fiery debates amongst Germany's political elites in 1949 on the same issue; debates that were sparked by the establishment of West Germany in that year. Simon Mee shows how, with the establishment of West Germany's central bank - today's Deutsche Bundesbank - the country's monetary history became a political football, as central bankers, politicians, industrialists and trade unionists all vied for influence over the legal provisions that set out the remit of the future monetary authority. The author reveals how a specific version of inter-war history, one that stresses the lessons learned from Germany's periods of inflation, was weaponised and attached to a political, contemporary argument for an independent central bank. The book challenges assumptions around the evolution of central bank independence with continued relevance today.
The History of the Bundesbank
Author: Jakob De Haan
Publisher: Taylor & Francis
ISBN: 1134604149
Category : Business & Economics
Languages : en
Pages : 177
Book Description
After fifty years the Deutsche Bundesbank - the central bank that dominated European monetary affairs - has stepped down to entrust monetary policy to the European Central Bank (ECB). This is the first research work to thoroughly explore the lessons to be learned from the Bundesbank by the ECB, in areas such as price stability and political interference.
Publisher: Taylor & Francis
ISBN: 1134604149
Category : Business & Economics
Languages : en
Pages : 177
Book Description
After fifty years the Deutsche Bundesbank - the central bank that dominated European monetary affairs - has stepped down to entrust monetary policy to the European Central Bank (ECB). This is the first research work to thoroughly explore the lessons to be learned from the Bundesbank by the ECB, in areas such as price stability and political interference.
Germany's Gold
Author: Carl-Ludwig Thiele
Publisher:
ISBN: 9783777431826
Category : Gold
Languages : en
Pages : 0
Book Description
"How were German's gold reserves created, and what role has gold played as a means of payment over time? ... The Deutsche Bundesbank's project to bring substantial gold holdings to Frankfurt am Main from storage locations in New York and Paris has generated a great deal of public interest over the past few years. This book is the first of its kind to provide a detailed account of how the gold in the Bundesbank's vaults came into being and how it has been used and stored over time. Splendid images of selected gold bars provide a beautiful backdrop to in-depth informtion on the properties of gold and how it is mined and processed"--Back of dust jacket.
Publisher:
ISBN: 9783777431826
Category : Gold
Languages : en
Pages : 0
Book Description
"How were German's gold reserves created, and what role has gold played as a means of payment over time? ... The Deutsche Bundesbank's project to bring substantial gold holdings to Frankfurt am Main from storage locations in New York and Paris has generated a great deal of public interest over the past few years. This book is the first of its kind to provide a detailed account of how the gold in the Bundesbank's vaults came into being and how it has been used and stored over time. Splendid images of selected gold bars provide a beautiful backdrop to in-depth informtion on the properties of gold and how it is mined and processed"--Back of dust jacket.
Central Bank Independence and the Legacy of the German Past
Author: Simon Mee
Publisher: Cambridge University Press
ISBN: 1108499783
Category : Business & Economics
Languages : en
Pages : 373
Book Description
A study of the power struggle between Germany's central bank and the West German government to control monetary policy in the post-war era.
Publisher: Cambridge University Press
ISBN: 1108499783
Category : Business & Economics
Languages : en
Pages : 373
Book Description
A study of the power struggle between Germany's central bank and the West German government to control monetary policy in the post-war era.
Going the Distance
Author: Ron Harris
Publisher: Princeton University Press
ISBN: 069115077X
Category : Business & Economics
Languages : en
Pages : 482
Book Description
"Long-distance oceanic and overland trade along the Eurasian landmass in the 1400s was largely dominated by Chinese, Indian, and Arabic traders and predominantly conducted over short trajectories by sole traders or organized around small-scale enterprises. Yet, within two centuries of Europeans' arrival in the Indian Ocean in 1498, long-distance trade throughout Eurasia was mainly taken over by them. By 1700, they had formed new, large-scale, and impersonal organizations, primarily a joint-stock business corporation between English East India Company (EIC) and Dutch East India Company (VOC). This allowed them to transform trade from an enterprise dominated by many small traders moving goods over short segments to a vertically integrated firm that was able to control goods from their origin to the end consumers. This rise of the business corporation proved essential for the economic rise of Europe. Why did the corporation arise indigenously only in Europe, and given its effective organization of long-distance trade, why wasn't it mimicked by other Eurasian civilizations for 300 years? Harris closely examines the role played by forms of organization in the transformation of Eurasian trade between 1400 and 1700, comparing the organizational forms that were used in four major civilizations: Chinese, Indian, Middle Eastern, and Western European. Through this comparative perspective, he argues that the organizational design of the EIC and VOC, the first long-lasting joint-stock corporations, enabled large-scale multilateral impersonal cooperation for the first time in human history. He also argues that this new organizational form enabled the English and Dutch to deploy more capital, more ships, more voyages, and more agents than other organizational forms"--
Publisher: Princeton University Press
ISBN: 069115077X
Category : Business & Economics
Languages : en
Pages : 482
Book Description
"Long-distance oceanic and overland trade along the Eurasian landmass in the 1400s was largely dominated by Chinese, Indian, and Arabic traders and predominantly conducted over short trajectories by sole traders or organized around small-scale enterprises. Yet, within two centuries of Europeans' arrival in the Indian Ocean in 1498, long-distance trade throughout Eurasia was mainly taken over by them. By 1700, they had formed new, large-scale, and impersonal organizations, primarily a joint-stock business corporation between English East India Company (EIC) and Dutch East India Company (VOC). This allowed them to transform trade from an enterprise dominated by many small traders moving goods over short segments to a vertically integrated firm that was able to control goods from their origin to the end consumers. This rise of the business corporation proved essential for the economic rise of Europe. Why did the corporation arise indigenously only in Europe, and given its effective organization of long-distance trade, why wasn't it mimicked by other Eurasian civilizations for 300 years? Harris closely examines the role played by forms of organization in the transformation of Eurasian trade between 1400 and 1700, comparing the organizational forms that were used in four major civilizations: Chinese, Indian, Middle Eastern, and Western European. Through this comparative perspective, he argues that the organizational design of the EIC and VOC, the first long-lasting joint-stock corporations, enabled large-scale multilateral impersonal cooperation for the first time in human history. He also argues that this new organizational form enabled the English and Dutch to deploy more capital, more ships, more voyages, and more agents than other organizational forms"--
The Constitutionalization of European Budgetary Constraints
Author: Maurice Adams
Publisher: Bloomsbury Publishing
ISBN: 1782254188
Category : Law
Languages : en
Pages : 446
Book Description
The recently enacted Treaty on the Stability, Coordination and Governance of the Economic and Monetary Union (generally referred to as the Fiscal Compact) has introduced a 'golden rule', which is a detailed obligation that government budgets be balanced. Moreover, it required the 25 members of the EU which signed the Treaty in March 2012, to incorporate this 'golden rule' within their national Constitutions. This requirement represents a major and unprecedented development, raising formidable challenges to the nature and legitimacy of national Constitutions as well as to the future of the European integration project. This book analyses the new constitutional architecture of the European Economic and Monetary Union (EMU), examines in a comparative perspective the constitutionalization of budgetary rules in the legal systems of the Member States, and discusses the implications of these constitutional changes for the future of democracy and integration in the EU. By combining insights from law and economics, comparative institutional analysis and legal theory, the book offers a comprehensive survey of the constitutional incorporation of new fiscal and budgetary rules across Europe and a systematic normative discussion of the legitimacy issues at play. It thus contributes to a better understanding of the Euro-crisis, of the future of the EU, and the reforms needed towards a deeper and genuine EMU.
Publisher: Bloomsbury Publishing
ISBN: 1782254188
Category : Law
Languages : en
Pages : 446
Book Description
The recently enacted Treaty on the Stability, Coordination and Governance of the Economic and Monetary Union (generally referred to as the Fiscal Compact) has introduced a 'golden rule', which is a detailed obligation that government budgets be balanced. Moreover, it required the 25 members of the EU which signed the Treaty in March 2012, to incorporate this 'golden rule' within their national Constitutions. This requirement represents a major and unprecedented development, raising formidable challenges to the nature and legitimacy of national Constitutions as well as to the future of the European integration project. This book analyses the new constitutional architecture of the European Economic and Monetary Union (EMU), examines in a comparative perspective the constitutionalization of budgetary rules in the legal systems of the Member States, and discusses the implications of these constitutional changes for the future of democracy and integration in the EU. By combining insights from law and economics, comparative institutional analysis and legal theory, the book offers a comprehensive survey of the constitutional incorporation of new fiscal and budgetary rules across Europe and a systematic normative discussion of the legitimacy issues at play. It thus contributes to a better understanding of the Euro-crisis, of the future of the EU, and the reforms needed towards a deeper and genuine EMU.
The Political Economy of Germany Under Chancellors Kohl and Schröder
Author: Jeremy Leaman
Publisher: Berghahn Books
ISBN: 9781845456016
Category : Business & Economics
Languages : en
Pages : 248
Book Description
While unification has undoubtedly had major effects on Germany's political economy, the pattern of current policy-making preferences was established at an earlier stage, in particular, at the beginning of the 'Kohl-era' in 1982. This essentially neo-liberal pattern can be seen to have dominated the modalities chosen to guide Germany through the process of unifi cation and was mirrored in developments in other OECD countries and in particular within the EU. This book demonstrates that the three policy imperatives (neo-liberal structural reform, European monetary integration, and unification) produced a policy-mix which, together with other structural economic and demographic factors, has had disappointing results in all three areas and hampered Germany's overall economic development.
Publisher: Berghahn Books
ISBN: 9781845456016
Category : Business & Economics
Languages : en
Pages : 248
Book Description
While unification has undoubtedly had major effects on Germany's political economy, the pattern of current policy-making preferences was established at an earlier stage, in particular, at the beginning of the 'Kohl-era' in 1982. This essentially neo-liberal pattern can be seen to have dominated the modalities chosen to guide Germany through the process of unifi cation and was mirrored in developments in other OECD countries and in particular within the EU. This book demonstrates that the three policy imperatives (neo-liberal structural reform, European monetary integration, and unification) produced a policy-mix which, together with other structural economic and demographic factors, has had disappointing results in all three areas and hampered Germany's overall economic development.
Technocracy and the Law
Author: Alessandra Arcuri
Publisher: Routledge
ISBN: 1000390144
Category : Law
Languages : en
Pages : 346
Book Description
Technocratic law and governance is under fire. Not only populist movements have challenged experts. NGOs, public intellectuals and some academics have also criticized the too close relation between experts and power. While the amount of power gained by experts may be contested, it is unlikely and arguably undesirable that experts will cease to play an influential role in contemporary regulatory regimes. This book focuses on whether and how experts involved in policymaking can and should be held accountable. The book, divided into four parts, combines theoretical analysis with a wide variety of case studies expounding the challenges of holding experts accountable in a multilevel setting. Part I offers new perspectives on accountability of experts, including a critical comparison between accountability and a virtue-ethical framework for experts, a reconceptualization of accountability through the rule of law prism and a discussion of different ways to operationalize expert accountability. Parts I–IV, organized around in-depth case studies, shed light on the accountability of experts in three high-profile areas for technocratic governance in a European and global context: economic and financial governance, environmental/health and safety governance, and the governance of digitization and data protection. By offering fresh insights into the manifold aspects of technocratic decisionmaking and suggesting new avenues for rethinking expert accountability within multilevel governance, this book will be of great value not only to students and scholars in international and EU law, political science, public administration, science and technology studies but also to professionals working within EU institutions and international organizations.
Publisher: Routledge
ISBN: 1000390144
Category : Law
Languages : en
Pages : 346
Book Description
Technocratic law and governance is under fire. Not only populist movements have challenged experts. NGOs, public intellectuals and some academics have also criticized the too close relation between experts and power. While the amount of power gained by experts may be contested, it is unlikely and arguably undesirable that experts will cease to play an influential role in contemporary regulatory regimes. This book focuses on whether and how experts involved in policymaking can and should be held accountable. The book, divided into four parts, combines theoretical analysis with a wide variety of case studies expounding the challenges of holding experts accountable in a multilevel setting. Part I offers new perspectives on accountability of experts, including a critical comparison between accountability and a virtue-ethical framework for experts, a reconceptualization of accountability through the rule of law prism and a discussion of different ways to operationalize expert accountability. Parts I–IV, organized around in-depth case studies, shed light on the accountability of experts in three high-profile areas for technocratic governance in a European and global context: economic and financial governance, environmental/health and safety governance, and the governance of digitization and data protection. By offering fresh insights into the manifold aspects of technocratic decisionmaking and suggesting new avenues for rethinking expert accountability within multilevel governance, this book will be of great value not only to students and scholars in international and EU law, political science, public administration, science and technology studies but also to professionals working within EU institutions and international organizations.