Call Boomerang Books 1300 36 33 32

sign up for Boomerang Books BulletinGet Latest Book News + FREE Shipping. Subscribe to the Boomerang Books Bulletin eNewsletter right now!

Description - The History of the Bundesbank by Jakob de Haan

After fifty years the Deutsche Bundesbank - the central bank that ruled European monetary affairs - stepped down to entrust monetary policy to the European Central Bank (ECB). The ECB is largely modelled after the Bundesbank. No doubt, this has something to do with the success of the Bundesbank in keeping inflation low. What lessons can be learnt for the ECB from the experience of the Bundesbank? The Bundesbank has been, and in the near future the ECB will be, the most important macroeconomic institution for more than two decades. The essays ask formerly taboo questions such as how independent is the Bundesbank, and reveal some evidence that the bank sometimes had to trade-off political demands and price stability. Further empirical research reveals that the Bundesbank is indeed not free from political pressure. Other writers consider the value and sense of the ECBs primary objective: maintaining price stability. Further studies consider the allegation often made against independent central banks is their lack of democratic accountability. One essay argues that there is in fact no trade off between independence and accountability; another that in this context, central bank independence is not a goal in itself, but only a means to achieve an objective set by the legislature. The authors in this book are all highly respected experts in this field, and their perspective is refreshingly interdisciplinary, linking political science and economics. The History of the Bundesbank fills a marked gap in research literature; no other book exists which thoroughly considers the important lessons to be learned from the Bundesbank for the ECB.

Buy The History of the Bundesbank by Jakob de Haan from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780415217231
ISBN-10: 0415217237
Format: Hardback
(235mm x 159mm x 12mm)
Pages: 176
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 16-Mar-2000
Country of Publication: United Kingdom

Other Editions - The History of the Bundesbank by Jakob de Haan

Book Reviews - The History of the Bundesbank by Jakob de Haan

» Have you read this book? We'd like to know what you think about it - write a review about History of the Bundesbank book by Jakob de Haan and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Books By Jakob de Haan

European Central Bank at Ten by Jakob de Haan
Hardback, September 2010
European Central Bank by Jakob de Haan
Hardback, April 2005
$60.30 $67.00
Financial Markets and Institutions by Jakob de Haan
Hardback, June 2015
$183.56 $203.95
Structural Reforms by Jakob de Haan
Hardback, April 2018