Search Results
Journal Article
Criteria for central bank assets: lessons from pre-ECB Germany
The Deutsche Bundesbank was formed in July 1957, when the two-tier central bank system set up following World War II was consolidated. That previous system had been established by the Allies in imitation of the Federal Reserve System and consisted of independent regional banks (the Land Central Banks) and a governing body. Under the new system, the Land Central Banks became offices of the Bundesbank. As was true under the previous system, the Bundesbank was made independent of the federal cabinet by law and was particularly proscribed from lending to the public sector except for short terms. ...
Journal Article
Monetary policy in West Germany
Journal Article
Lessons from West German monetary policy
Conference Paper
Implementing monetary policy in Germany
Journal Article
Inflation targeting: lessons from four countries
In recent years, a number of central banks have chosen to orient their monetary policy toward the achievement of numerical inflation targets. This study examines the experience of the first three countries to adopt an inflation-targeting strategy--New Zealand, Canada, and the United Kingdom. It also considers the German experience with a monetary targeting scheme that incorporated many elements of inflation targeting even earlier. The authors find that the countries adopting a numerical inflation target have successfully maintained low inflation rates. Other benefits of inflation targeting ...
Conference Paper
Overview: central bank perspectives
Journal Article
German monetary targeting: a retrospective view