[PDF] The Monetary Policy Of The Bundesbank eBook

Author : Deutsche Bundesbank
Publisher :
Page : 200 pages
File Size : 21,2 MB
Release : 1995
Category : Banks and banking, Central
ISBN :

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Addresses the role of the central bank in Germany, the German financial markets and the Bundesbank's monetary policy strategy and instruments.

Author : Robert Pringle
Publisher : Springer
Page : 210 pages
File Size : 28,95 MB
Release : 2015-12-22
Category : Business & Economics
ISBN : 1349264768

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The Bundesbank is one of the world's most powerful and successful central banks, outstanding for its independence in the conduct of monetary policy and for its success in the achievement of relative price stability virtually throughout the post-war era. This collection of essays by the President of the Bundesbank, by former and present Board members and by Heads of Department within the Bundesbank offer a rare inside insight into its operations. The individual contributions to this volume explain the historical, legal and institutional basis of German internal and external monetary policy and highlight the goals of the German central bank and its role in the economy as a whole. The role of the Deutschmark as one of the leading international transaction, reserve and investment currencies is discussed in detail. Students of monetary management and the banking community throughout the world will benefit greatly from a study of this unique volume.

Author : Jakob De Haan
Publisher : Routledge
Page : 180 pages
File Size : 47,56 MB
Release : 2012-09-10
Category : Business & Economics
ISBN : 1134604130

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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.

Author : David Marsh
Publisher : Vintage
Page : 430 pages
File Size : 32,22 MB
Release : 1993
Category : Banks and banking
ISBN :

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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.

Author : Dennis Sauert
Publisher : GRIN Verlag
Page : 24 pages
File Size : 34,55 MB
Release : 2009-12-04
Category : Political Science
ISBN : 3640486358

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Essay from the year 2009 in the subject Business economics - Economic Policy, grade: 1,7, Berlin School of Economics and Law, language: English, abstract: The national currency of each country in Europe was an indispensable element of national sovereignty and bank notes as an expression of national culture and trademark. With successive significance of bank notes as a means of payment in modern economic life central banks gradually gained a stronger role and monetary policy has become an integrated part of economic policy. In respect to this development the implementation of stage three of the EMU in 1999 was an important caesura in European history since a major part of European political independent countries gave up their sovereignty of monetary policy by adopting and agreeing on an irrevocable peg of their domestic currency to the Euro. This required a change to a new European monetary policy in the sector of European central banking. Thus, the ECB was founded and the NCB’s of the MS integrated into a European central bank system. It has never been achieved a similar integration process of a policy area in the EU as that of the common monetary and exchange rate policy. The EU has nowhere else been more authentically developed in its identity than in the area of the Euro and the ECB. Nowadays, the participating MS form a currency area that is considered as the second largest economic area behind the USA. This reveals the worldwide significance of European monetary policy that will be explained in the following. The first chapter will briefly comment on the institutional framework structure before the topic of price stability will be introduced. Chapter four and five will examine the transmission process and the monetary strategy of the ECB. In the sixth chapter monetary instruments will be closely described while chapter seven explains the use of instruments of the ECB to react to the current financial crisis. Concluding, a short assessment of European monetary policy will then frame the end of this paper.

Author : Massimo Rostagno
Publisher : Oxford University Press
Page : 449 pages
File Size : 36,31 MB
Release : 2021
Category : Business & Economics
ISBN : 0192895915

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The first twenty years of the European Central Bank offer a unique insight into how a central bank can navigate macroeconomic insecurity and crisis. This volume examines the structures and decision-making processes behind the complex measures taken by the ECB to tackle some of the toughest economic challenges in the history of modern Europe.

Author : Christina D. Romer
Publisher : University of Chicago Press
Page : 434 pages
File Size : 45,4 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226724832

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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.