The Bundesbank's Path to Independence: Evidence from the 1950s
The German Bundesbank is frequently called the world's most independent and conservative central bank. Taking account of the path dependency of this reputation, both quantitative data and qualitative data on German central bank law and political conflicts are used to determine the factors that contributed to this reputation in the 1950s. It is shown that quantitative analysis has its limits and that law might be a misleading indicator in this respect. It is rather the analysis of policy conflicts between the Bundesbank and the government that yields information on the bank's path to independence. Copyright 1997 by Kluwer Academic Publishers
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 93 (1997)
Issue (Month): 3-4 (December)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/public+finance/journal/11127/PS2|