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Monetary Policy in Germany Since 1948: National Tradition, International Best Practice or Ideology?

In: Central Banks as Economic Institutions

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  • Carl-Ludwig Holtfrerich

Abstract

The number of central banks in the world is approaching 180, a tenfold increase since the beginning of the twentieth century. What lies behind the spread of this economic institution? What underlying process has brought central banks to hold such a key role in economic life today? This book examines from a transatlantic perspective how the central bank has become the bank of banks. Thirteen distinguished economists and central bankers have been brought together to evaluate how central banks work, arrive at their policies, choose their instruments and gauge their success in managing economies, both in times of crisis and periods of growth.

Suggested Citation

  • Carl-Ludwig Holtfrerich, 2008. "Monetary Policy in Germany Since 1948: National Tradition, International Best Practice or Ideology?," Chapters, in: Jean-Philippe Touffut (ed.), Central Banks as Economic Institutions, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13295_2
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    Cited by:

    1. Barkhausen, David & Teupe, Sebastian, 2023. "The German inflation trauma: Weimar's policy lessons between persistence and reconstruction," Working Papers 40, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.

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    Economics and Finance;

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