Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/204819 
Year of Publication: 
2019
Series/Report no.: 
MAGKS Joint Discussion Paper Series in Economics No. 24-2019
Publisher: 
Philipps-University Marburg, School of Business and Economics, Marburg
Abstract: 
Germany prides itself in having one of the most successful central banks and currencies with respect to independence and stability. I show that not only were both imposed on the country after 1945 but that there was also initial resistance to both among German experts and officials. This was then a rare case of successful imposition of institutions from abroad. Events are discussed in light of Peter Bernholz's requirements for stable money and a successful central bank.
Subjects: 
Currency reform
Bundesbank
central bank independence
institutional reform
JEL: 
E42
E58
N14
N24
Document Type: 
Working Paper

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