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The inefficiency of the D-Mark standard

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  • Läufer, Nikolaus K. A.

Abstract

The present monetary strategy within the DM-standard is shown to be inefficient and an improvement of the current strategy is proposed.

Suggested Citation

  • Läufer, Nikolaus K. A., 1992. "The inefficiency of the D-Mark standard," Discussion Papers, Series II 167, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    • Handle: RePEc:zbw:kondp2:167
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    References listed on IDEAS

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    1. International Monetary Fund, 1988. "Policy Coordination in the European Monetary System; Occa Paper 61," IMF Occasional Papers 1988/005, International Monetary Fund.
    2. Barro, Robert J., 1976. "Rational expectations and the role of monetary policy," Journal of Monetary Economics, Elsevier, vol. 2(1), pages 1-32, January.
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