Author: Dorothee Heisenberg
Publisher: Lynne Rienner Pub
ISBN: 9781555876890
Category : Business & Economics
Languages : en
Pages : 214
Book Description
With the Bundesbank now the dominant German actor in international monetary cooperation, Germany's partner states have begun to consider the requirements of the bank - rather than the government - paramount. Dorothee Heisenberg maintains that the evolution of the Bundesbank is key to understanding how and why Europeans chose to achieve monetary union.
The Mark of the Bundesbank
Author: Dorothee Heisenberg
Publisher: Lynne Rienner Pub
ISBN: 9781555876890
Category : Business & Economics
Languages : en
Pages : 214
Book Description
With the Bundesbank now the dominant German actor in international monetary cooperation, Germany's partner states have begun to consider the requirements of the bank - rather than the government - paramount. Dorothee Heisenberg maintains that the evolution of the Bundesbank is key to understanding how and why Europeans chose to achieve monetary union.
Publisher: Lynne Rienner Pub
ISBN: 9781555876890
Category : Business & Economics
Languages : en
Pages : 214
Book Description
With the Bundesbank now the dominant German actor in international monetary cooperation, Germany's partner states have begun to consider the requirements of the bank - rather than the government - paramount. Dorothee Heisenberg maintains that the evolution of the Bundesbank is key to understanding how and why Europeans chose to achieve monetary union.
The Bundesbank
Author: David Marsh
Publisher: Vintage
ISBN:
Category : Banks and banking
Languages : en
Pages : 430
Book Description
The might of the D-Mark gives the Bundesbank greater influence than most elected governments over monetary policies across Europe. In bringing to life the central bank and the people who run it, Marsh reveals its history, and present-day, behind-the-scenes arguments over European monetary union.
Publisher: Vintage
ISBN:
Category : Banks and banking
Languages : en
Pages : 430
Book Description
The might of the D-Mark gives the Bundesbank greater influence than most elected governments over monetary policies across Europe. In bringing to life the central bank and the people who run it, Marsh reveals its history, and present-day, behind-the-scenes arguments over European monetary union.
Princes of the Yen
Author: Richard Werner
Publisher: Routledge
ISBN: 131746219X
Category : Education
Languages : en
Pages : 384
Book Description
This eye-opening book offers a disturbing new look at Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy than with its own turf battles and its ideological agenda to change Japan's economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan's most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan's business cycle, identifies the key figures behind Japan's economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.
Publisher: Routledge
ISBN: 131746219X
Category : Education
Languages : en
Pages : 384
Book Description
This eye-opening book offers a disturbing new look at Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy than with its own turf battles and its ideological agenda to change Japan's economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan's most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan's business cycle, identifies the key figures behind Japan's economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.
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.
Reducing Inflation
Author: Christina D. Romer
Publisher: University of Chicago Press
ISBN: 0226724832
Category : Business & Economics
Languages : en
Pages : 434
Book Description
While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy.
Publisher: University of Chicago Press
ISBN: 0226724832
Category : Business & Economics
Languages : en
Pages : 434
Book Description
While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy.
Central Banking Before 1800
Author: Ulrich Bindseil
Publisher:
ISBN: 0198849990
Category : Business & Economics
Languages : en
Pages : 337
Book Description
Central banking has a long and colourful history from which important lessons can be drawn. This book reviews the policy objectives and financial operations of 25 central banks established before 1800 to show that many of today's central banking controversies date as far back as this time.
Publisher:
ISBN: 0198849990
Category : Business & Economics
Languages : en
Pages : 337
Book Description
Central banking has a long and colourful history from which important lessons can be drawn. This book reviews the policy objectives and financial operations of 25 central banks established before 1800 to show that many of today's central banking controversies date as far back as this time.
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.
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.
The Great Inflation
Author: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Jew's Beech
Author: Annette von Droste-Hulshoff
Publisher: Alma Books
ISBN: 0714547638
Category : Fiction
Languages : en
Pages : 115
Book Description
Based on a true story, this haunting tale centers on two brutal murders--the first of a local forester and the second of a Jewish moneylender near a beech tree--and the impact these events have on the life of Friedrich Mergel, a herdsman with a turbulent family history. A prototype of the murder mystery and a thoughtful examination of village society, this intriguing novella contains hints of the Gothic and the uncanny, including ominous thunderstorms, mysterious disappearances, eerie doppelgangers and grizzly discoveries, as well as a famously ambiguous climax.
Publisher: Alma Books
ISBN: 0714547638
Category : Fiction
Languages : en
Pages : 115
Book Description
Based on a true story, this haunting tale centers on two brutal murders--the first of a local forester and the second of a Jewish moneylender near a beech tree--and the impact these events have on the life of Friedrich Mergel, a herdsman with a turbulent family history. A prototype of the murder mystery and a thoughtful examination of village society, this intriguing novella contains hints of the Gothic and the uncanny, including ominous thunderstorms, mysterious disappearances, eerie doppelgangers and grizzly discoveries, as well as a famously ambiguous climax.