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The Bundesbank Myth: Towards a Critique of Central Bank Independence

The Bundesbank Myth: Towards a Critique of Central Bank Independence

Hardcover

AccountingEconomics

ISBN10: 0333738624
ISBN13: 9780333738627
Publisher: Palgrave
Published: Dec 18 2000
Pages: 280
Weight: 1.22
Height: 0.90 Width: 5.88 Depth: 8.80
Language: English
Until recently, central bank independence was confined to just two major capitalist countries: the USA and Germany. As a result of stagflation and the voguish espousal of neo-liberalism in the 1980s, the institution has been adopted in most OECD and in many other countries. This book questions the principle of autonomy, examining the Bundesbank in historical context and exposing the flaws in both the technical and the political case for the wholesale adoption of the Bundesbank model by other states.

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