Will the European Central Bank Be Able to Emulate the Success of the Bundesbank?

Abstract: European Monetary Union (EMU) depends on the success fo the European Central Bank (ECB) to manage the economy of Europe. The ECB is based on the Model of the German Bundesbank that as able to successfully manage the German economy in the second half of the twentieth century, avoiding or reducing many of the economic problem seen by other countries. This 17 page paper considers how, now that the Bundesbank is only a branch within the ECB, if the ECB will be able to follow the same model. To assess this the paper looks at the development, culture and values of the Bundesbank from the post World War Two period to explain a deep culture and a different approach to economic management which may be difficult to transfer. The bibliography cites 25 sources.

Filename: TEbundesECB.rtf

Pages: 17

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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