1st Edition

Banking and Finance in West Germany (RLE Banking & Finance)

By Hans Francke, Michael Hudson Copyright 1984
    184 Pages
    by Routledge

    178 Pages
    by Routledge

    This is a clear guide to the German financial system. It begins by outlining its historical development, emphasising the growth of close ties between the banking system and industry, and goes on to describe in details the nature of the credit institutions in general and the money and capital markets.

    The book emphasizes the crucial role played by the autonomy of the Bundesbank and it explains with clear illustrations the instruments available to it to conduct monetary policy. It analyses the type of monetary target adopted by the Bundesbank in the early 1970s and deals with the ‘transferability’ of the West German financial system to other countries. Wherever relevant, parallels and differences between that system and the ones operating in the US and UK are pointed out.

    1. An Historical Introduction and An Overview of The Book 2. The Deutsche Bundesbank 3. The Credit Institutions in the Federal Republic of Germany 4. The Financial Markets 5. The Instruments of Monetary Policy 6. Monetary Targets in the Federal Republic 7. The Future Development of the System.


    Hans-Hermann Francke, Michael Hudson