Fifty Years of the German Mark
Essays in Honour of Stephen F. Frowen
- English
- PDF
- Available on iOS & Android
About This Book
This timely collection presents an authoritative overview of one of the three key currencies of the second half of the twentieth century, the German Mark. In his keynote essays, Charles A.E.Goodhart reflects on the future of the Euro against the background of the success story of the Deutsche Mark. His main concern is, whether fiscal policy in Euroland will be ready for action in case of an economic downturn. He also wonders whether the European Central Bank will be the same safeguard against inflation as the Bundesbank was. On the same issue of stability orientation Hans Tietmeyer reviews the fifty years lifetime of the German Mark pointing out that the Bundesbank will continue to have a say within the European Central Bank. In particular he emphasizes the vital part of the Deutsche Mark as cornerstone of the so-called Social Market Economy in postwar Germany. The volume will be of great interest to academics and practitioners alike.
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Table of contents
- Cover
- 50 Years of the German Mark
- Contents
- List of Tables
- List of Figures
- Acknowledgment
- Word of greeting
- Notes on Contributors
- Introduction
- Laudatio on the Occasion of the 75th Birthday of Professor Stephen F. Frowen*
- Stephen Frowen - an Inspired Mediator in Turbulent Times
- 1 Keynote Speech: The DM and the Future of the Euro
- 2 Fifty Years of the Deutsche Mark – a Currency and its Consequences
- 3 The 1948 Currency Reform: Structure and Purpose
- 4 Paradigm Changes of German Monetary Policy
- 5 Is the European Central Bank too Independent?
- 6 The Euro: Implications for Germany and Europe
- 7 The DM Undervaluation and West Germany’s Economic Performance
- 8 The Fate of Key Currencies: a Strategic Approach
- 9 The Bipolar International Moneta System and the British Pound
- 10 Epilogue: The Meaning of Sound Money
- Stephen F. Frowen:Bibliographical Data
- Name Index
- Subject Index