Deutsche Mark Politics: Germany in the European Monetary System

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Lynne Rienner Publishers, 1999 - Business & Economics - 261 pages
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Why is Germany prepared to sacrifice the Deutsche Mark for European Monetary Union? This book, incorporating domestic, European, and global aspects of German monetary policy, suggests that the institutional relationship between the Bundesbank and the federal government, together with Germany's bargaining strategies toward European and global monetary-governance structures, can provide the answer to the Deutsche Mark puzzle. Examining the record from 1985 through May 1998, the author challenges conceptions of the Bundesbank's independence. He also explores the ability of external structures to affect German monetary decisions. His presentation of political and economic forces offers fresh insight into the factors shaping German monetary politics and the future of EMU.
 

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Contents

The Political Economy of Deutsche Mark Politics
1
Bundesbank Preeminent Not Predominant
35
The Europeanization
67
Exporting the Deutsche Mark to Europe 19891991
93
Bundesbank Under Pressure 19921993
143
Dollar Crises and Halting Steps Toward Economic
179
Economic Monetary Union for Europe? 19961998
207
The Lessons of Deutsche Mark Politics
235
Selected Bibliography
253
About the Book
261
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