IDEAS home Printed from https://ideas.repec.org/p/zbw/ipewps/1632021.html
   My bibliography  Save this paper

Deutsche Reichsbank - Entstehung, Funktion und Politik

Author

Listed:
  • Heine, Michael
  • Herr, Hansjörg

Abstract

Zusammen mit der Gründung des Deutschen Reiches im Jahr 1871 wurde eine neue Geldverfassung mit der Mark als nationaler Währung geschaffen zusammen mit der Gründung der Deutschen Reichsbank im Jahre 1876. England folgend wurde der Goldstandard etabliert mit dem Recht Banknoten in Gold zu tauschen und umgekehrt. Die Deckung der Banknoten wurde durch ein kompliziertes System geregelt. Im Vergleich zur Bank of England konnte die Reichsbank ihre Funktion als Lender of Last Resort flexibler wahrnehmen. Das Hauptziel der Geldpolitik der Reichsbank, das dann auch bis zum Beginn des Ersten Weltkrieges 1914 erfüllt wurde, war die Einlösung ihrer Banknoten in Gold und damit implizit die Verteidigung der fixen Wechselkurse im Goldstandard. Andere Ziele, etwa Preisniveaustabilität oder Wachstum des Sozialproduktes, waren von zweitrangiger Bedeutung. Über die Jahre wurde die Reichsbank immer mächtiger, bekam neue Instrumente und entwickelte sich zu einer modernen Zentralbank. Jedoch blieb Gold immer eine Fessel für ein für eine kapitalistische Ökonomie funktionales Geldsystem.

Suggested Citation

  • Heine, Michael & Herr, Hansjörg, 2021. "Deutsche Reichsbank - Entstehung, Funktion und Politik," IPE Working Papers 163/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    • Handle: RePEc:zbw:ipewps:1632021
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/236192/1/1764387511.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hansjörg Herr, 2009. "The labour market in a Keynesian economic regime: theoretical debate and empirical findings," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(5), pages 949-965, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Herr, Hansjörg. & Sonat, Zeynep M., 2013. "Neoliberal unshared growth regime of Turkey in the post-2001 period," ILO Working Papers 994841263402676, International Labour Organization.
    2. Herr, Hansjörg & Nettekoven, Zeynep Mualla, 2022. "Macroeconomic effects of the Covid-19 Pandemic in Germany and the European Monetary Union and economic policy reactions," IPE Working Papers 185/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    3. Herr, Hansjörg & Sonat, Zeynep M., 2013. "Neoliberal Unshared Growth Regime of Turkey in the Post-2001 Period," EconStor Preprints 88606, ZBW - Leibniz Information Centre for Economics.
    4. Nina Dodig & Hansjorg Herr, 2015. "EU policies addressing current account imbalances in the EMU: an assessment," Working papers wpaper74, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    5. Herr, Hansjörg, 2009. "Time, expectations and financial markets," IPE Working Papers 03/2009, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    6. Herr, Hansjörg. & Ruoff, Bea., 2014. "Wage dispersion : empirical developments, explanations, and reform options," ILO Working Papers 994853253402676, International Labour Organization.
    7. Hansjorg Herr, 2016. "After the Financial Crisis; Reforms and Reform Options for Finance, Regulation and Institutional Structure," Working papers wpaper148, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    8. Herr, Hansjörg. & Horn, Gustav A., 2012. "Wage policy today," ILO Working Papers 994713603402676, International Labour Organization.
    9. Herr, Hansjörg, 2016. "After the financial crisis: Reforms and reform options for finance, regulation and institutional structure," IPE Working Papers 63/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    10. Heine, Michael & Herr, Hansjörg, 2022. "Fiskalische Spielräume für eine offensive Wohnungsbaupolitik," IPE Working Papers 176/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    11. repec:ilo:ilowps:471360 is not listed on IDEAS
    12. Nina Dodig & Hansjörg Herr, 2015. "Current Account Imbalances in the EMU: An Assessment of Official Policy Responses," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 62(2), pages 193-216, June.
    13. Herr, Hansjörg & Sonat, Zeynep M., 2013. "Neoliberal Unshared Growth Regime of Turkey in the Post-2001 Period," GLU Working Papers 19, Global Labour University (GLU).
    14. repec:ilo:ilowps:484126 is not listed on IDEAS
    15. Herr, Hansjörg & Horn, Gustav A., 2012. "Wage policy today," GLU Working Papers 16, Global Labour University (GLU).
    16. Detzer, Daniel & Herr, Hansjörg, 2014. "Theories of financial crises: An overview," IPE Working Papers 32/2014, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    17. Hansjörg Herr, 2021. "The rational of minimum wages," ICDD Working Papers 35, University of Kassel, Fachbereich Gesellschaftswissenschaften (Social Sciences), Internatioanl Center for Development and Decent Work (ICDD).
    18. Herr, Hansjörg, 2013. "An analytical framework for the Post-Keynesian macroeconomic paradigm," IPE Working Papers 23/2013, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    19. Herr, Hansjörg & Kazandziska, Milka, 2011. "Principles of Minimum Wage Policy - Economics, Institutions and Recommendations," GLU Working Papers 11, Global Labour University (GLU).
    20. Nina Dodig & Hansjorg Herr, 2014. "Previous financial crises leading to stagnation – selected case studies," Working papers wpaper24, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    21. Herr, Hansjörg, & Kazandziska, Milka., 2011. "Principles of minimum wage policy : economics, institutions and recommendations," ILO Working Papers 994624243402676, International Labour Organization.
    22. repec:ilo:ilowps:485325 is not listed on IDEAS
    23. Herr, Hansjörg, 2018. "Karl Marx's thoughts on functional income distribution - a critical analysis," IPE Working Papers 101/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).

    More about this item

    Keywords

    Deutsche Reichsbank; Goldstandard; Geldpolitik;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F02 - International Economics - - General - - - International Economic Order and Integration

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:ipewps:1632021. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iphwrde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.