Book contents
- Central Bank Independence and the Legacy of the German Past
- Central Bank Independence and the Legacy of the German Past
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Acknowledgements
- Abbreviations
- Introduction
- 1 In Search of the Reichsbank
- 2 The Bank deutscher Länder and the Foundation of West Germany, 1948–1951
- 3 Adenauer’s Challenge: The ‘Gürzenich Affair’ and the Bank deutscher Länder, 1956–1957
- 4 The Shadow of National Socialism: Karl Blessing and the Bundesbank in 1965
- 5 The Bundesbank, Social Democracy and the Era of the ‘Great Inflation’, 1970–1978
- Conclusion
- Bibliography
- Index
1 - In Search of the Reichsbank
Published online by Cambridge University Press: 13 September 2019
Book contents
- Central Bank Independence and the Legacy of the German Past
- Central Bank Independence and the Legacy of the German Past
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Acknowledgements
- Abbreviations
- Introduction
- 1 In Search of the Reichsbank
- 2 The Bank deutscher Länder and the Foundation of West Germany, 1948–1951
- 3 Adenauer’s Challenge: The ‘Gürzenich Affair’ and the Bank deutscher Länder, 1956–1957
- 4 The Shadow of National Socialism: Karl Blessing and the Bundesbank in 1965
- 5 The Bundesbank, Social Democracy and the Era of the ‘Great Inflation’, 1970–1978
- Conclusion
- Bibliography
- Index
Summary
The chapter examines the evolution of the Reichsbank, from its establishment in 1876 until the departure of key figures of the directorate in 1939. It devotes particular attention to the record of central bank independence during the inter-war era, and the careers of those Reichsbankers who went on to lead the post-war central bank. The chapter argues that the origins of monetary mythology can be traced back to the Nuremberg trials, where a form of it was first applied in defence of Schacht amid efforts to sanitise both his record and the conduct of the Reichsbank under his tenure.
- Type
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- Publisher: Cambridge University PressPrint publication year: 2019