European Perspectives on the Recession
Edited by David Howden
Chapter 9: From German Rules to European Discretion: Policy’s Slippery Slope
9. From German rules to European discretion: policy’s slippery slope Malte Tobias Kähler The German Deutschmark was long considered to be among the strongest currencies in the world. In its statutes, the emitting central bank (the Bundesbank) conf...
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