The Bundesbank Myth

Download or read book The Bundesbank Myth written by J. Leaman and published by Springer. This book was released on 2000-12-18 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.