Foundations of European Central Bank Policy

Front Matter....Pages i-v
Introduction....Pages 1-7
Front Matter....Pages 9-9
The Money Supply Approach: Empirical Evidence for Germany....Pages 11-33
Endogenous Money and Interest Rates in Germany....Pages 35-48
The Endogeneity of Money: Concepts, Methods and Doctrinal Influence of Monetary Theory....Pages 49-60
Currency Competition and Endogenous Money: Experiences from the Suffolk System, 1819–1858....Pages 61-75
Front Matter....Pages 77-77
Economic Convergence and Monetary Union....Pages 79-102
Five Years to Prepare the Final Stage of EMU: A German View....Pages 103-118
Towards a Common Monetary Policy in the Transition: The Role of the Ecu and Required Reserves....Pages 119-133
Fiscal Policy Implications of the European Union....Pages 135-163
The (Term) Structure of Interest Rates as a Predictor of Real Economic Growth: An Econometric Analysis for Germany....Pages 165-189
The Evolution of Ecu Markets....Pages 191-204
Front Matter....Pages 207-207
Economic Transformation and the Integration of Central and Eastern Europe in the European Community....Pages 209-223
Convertibility in Eastern Europe....Pages 225-240
Exchange Rate Pegging to the Ecu in Northern Europe: The Nordic Experience....Pages 241-258
Back Matter....Pages 259-259