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.
| ISBN: | 9780333738627 |
| Publication date: | 18th December 2000 |
| Author: | Jeremy Leaman |
| Publisher: | Palgrave Macmillan an imprint of Palgrave Macmillan UK |
| Format: | Hardback |
| Pagination: | 292 pages |
| Genres: |
International relations Economic theory and philosophy Macroeconomics Political economy Finance and the finance industry Economics |