The History of the Bundesbank: Lessons for the European Central Bank

The History of the Bundesbank: Lessons for the European Central Bank

The History of the Bundesbank: Lessons for the European Central Bank

The History of the Bundesbank: Lessons for the European Central Bank

Synopsis

After 50 years, the Deutsche Bundesbank - the central bank that dominated European monetary affairs - has stepped down to entrust monetary policy to the European Central Bank. This text explores the lessons the ECB should learn from the Bundesbank.

Excerpt

Most chapters in this book were presented at a workshop organised by the Germany Institute in Amsterdam on 28 April 1998. André Szász, former Director of the Nederlandsche Bank, chaired the workshop. Afterwards, I invited Otmar Issing and Robert Franzese to contribute a chapter as well. I would like to thank the Deutsche Bundesbank and the Kiel Institute of World Economics for granting permission to include the chapter by Otmar Issing. Finally, I express my gratitude to Philipp Maier for all the assistance that he provided.

Jakob de Haan

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