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In this collection of essays, the historical, legal and institutional basis of German internal and external monetary policy are explained, along with the goals of the German central bank and its role in the economy as a whole. This text also contains: a discussion of the role of the Deutschemark as one of the leading international transaction, reserve and investment currencies; the personal recollections of the chairman of the negotiations on intra-German monetary, economic and social union; and views on German monetary unification.
Author Biography
JURGEN BECKER Head, Deutsche Bundesbank’s Department of Banking and Minimum Reserves
CAROLA GEBHARD Assistant Managing Editor, Central Banking Publications
LEONHARD GLESKE Deputy Chairman of the Supervisory Board of the Bank of Tokyo (Deutschland) AG, Frankfurt
OTMAR ISSING Member of the Board of the Deutsche Bundesbank
NORBERT KLOTEN Chairman of the Economic Advisory Council, Federal Ministry of Economics
REINER KONIG Head, Department of Economics, Deutsche Bundesbank
PETER SCHMID Head of the Money, Credit and Capital Market Division, Deutsche Bundesbank
HANS TIETMEYER President of the Deutsche Bundesbank
BERTOLD WAHLIG Head of the Law Department at the Deutsche Bundesbank
CAROLINE WILLEKE Economist, Monetary Analysis Section, Money, Credit and Capital Markets Division, Deutsche Bundesbank
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