Germany is an undervaluation regime, a regime that steers economic behavior towards
deterioration of the real exchange rate and thereby towards export surpluses. This regime …

This paper investigates the (lack of any lasting) impact of John Maynard Keynes's General
Theory on economic policy-making in Germany. The analysis highlights the interplay …

Highlighting that France and Germany held largely contradicting hopes and aspirations for
Europe's common currency, this paper analyzes how the resulting euro contradiction …

At the end of the Second World War Germany was devastated; her cities lay in ruins,
industrial output was minimal, the economy was in tatters and her territories divided into four …

This study assesses the European Central Bank's (ECB) crisis management performance
and potential for crisis resolution. The study investigates the institutional and functional …

What factors determine the success of economic transition, development and growth?
Examining the contrast between East German shock-therapy and Hungary's gradualism, the …

Die D-Mark ist seit Jahrzehnten eine der stabilsten Währungen der Welt. Sie hat ein hohes
internationales Ansehen erworben. Hinter diesem Erfolg stehen vor allem eine solide …

This contribution assesses the functioning of Europe's Economic and Monetary Union (EMU)
during the first 20 years of the euro's existence. It argues that two formative intellectual …

In Deutschland hat sich nach dem Zusammenbruch des Weltwährungssystems von Bretton
Woods ein stabilitätspolitisches Regime etabliert, das dem Ziel der Geldwertstabilisierung …

La tesis central de este trabajo es que un proceso exitoso de desarrollo capitalista nacional,
en el contexto de un mercado mundial caracterizado por la existencia de múltiples monedas …