The Bundesbank Myth PDF Download

Author: J. Leaman
Publisher: Springer
ISBN: 0230373410
Category : Political Science
Languages : en
Pages : 280

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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.

Author: Simon Mee
Publisher: Cambridge University Press
ISBN: 1108499783
Category : Business & Economics
Languages : en
Pages : 373

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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.

Author: Maurice Adams
Publisher: Bloomsbury Publishing
ISBN: 1782254188
Category : Law
Languages : en
Pages : 430

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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.

Author: Jeremy Leaman
Publisher: Berghahn Books
ISBN: 9781845456016
Category : Business & Economics
Languages : en
Pages : 248

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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.

Author: Alessandra Arcuri
Publisher: Routledge
ISBN: 1000390144
Category : Law
Languages : en
Pages : 346

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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.

Author: Derek Lewis
Publisher: Rowman & Littlefield
ISBN: 144226957X
Category : History
Languages : en
Pages : 847

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Book Description
This second edition of Historical Dictionary of Contemporary Germanyprovides a comprehensive overview of most aspects of life and institutions in contemporary Germany. It also introduces the reader to the historical development of both East and West Germany between 1949 and 1990, and addresses the various issues arising from reunification. This second edition of Historical Dictionary of Contemporary Germany contains a chronology, an introduction, appendixes, and an extensive bibliography. The dictionary section has over 500 cross-referenced entries on important personalities, politics, economy, foreign relations, religion, and culture. This book is an excellent access point for students, researchers, and anyone wanting to know more about Germany.

Author: Carl-Ludwig Thiele
Publisher:
ISBN: 9783777431826
Category : Gold
Languages : en
Pages : 0

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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.

Author: Stuart Taberner
Publisher: Camden House
ISBN: 9781571133380
Category : History
Languages : en
Pages : 264

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Book Description
This volume features sixteen thought-provoking essays by renowned international experts on German society, culture, and politics that, together, provide a comprehensive study of Germany's postunification process of "normalization." Essays ranging across a variety of disciplines including politics, foreign policy, economics, literature, architecture, and film examine how since 1990 the often contested concept of normalization has become crucial to Germany's self-understanding. Despite the apparent emergence of a "new" Germany, the essays demonstrate that normalization is still in question, and that perennial concerns -- notably the Nazi past and the legacy of the GDR -- remain central to political and cultural discourses and affect the country's efforts to deal with the new challenges of globalization and the instability and polarization it brings. This is the first major study in English or German of the impact of the normalization debate across the range of cultural, political, economic, intellectual, and historical discourses. Contributors: Stephen Brockmann, Jeremy Leaman, Sebastian Harnisch and Kerry Longhurst, Lothar Probst, Simon Ward, Anna Saunders, Annette Seidel Arpaci, Chris Homewood, Andrew Plowman, Helmut Schmitz, Karoline Von Oppen, William Collins, Donahue, Katharine Schödel, Stuart Taberner, Paul Cooke Stuart Taberner is Professor of Contemporary German Literature, Culture, and Society and Paul Cooke is Senior Lecturer in German Studies, both at the University of Leeds.

Author: C. Randall Henning
Publisher: Peterson Institute
ISBN: 9780881321272
Category : Business & Economics
Languages : en
Pages : 434

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Book Description
Currencies and Politics is the first comprehensive, in-depth comparison of the institutions and processes that formulate domestic and external monetary policy in the U.S., Germany, and Japan. It outlines the differences in policymaking among the three countries and the policy patterns they produced over the postwar period.

Author: Christopher Adolph
Publisher: Cambridge University Press
ISBN: 1139620533
Category : Political Science
Languages : en
Pages :

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Book Description
Most studies of the political economy of money focus on the laws protecting central banks from government interference; this book turns to the overlooked people who actually make monetary policy decisions. Using formal theory and statistical evidence from dozens of central banks across the developed and developing worlds, this book shows that monetary policy agents are not all the same. Molded by specific professional and sectoral backgrounds and driven by career concerns, central bankers with different career trajectories choose predictably different monetary policies. These differences undermine the widespread belief that central bank independence is a neutral solution for macroeconomic management. Instead, through careful selection and retention of central bankers, partisan governments can and do influence monetary policy - preserving a political trade-off between inflation and real economic performance even in an age of legally independent central banks.