Quest for Stable Money Jobst Clemens
Quest for Stable Money Jobst Clemens Caught up in the costly Napoleonic wars, Austria went into sovereign default in 1811. During the two hundred years that followed, the Oesterreichische…
Specifikacia Quest for Stable Money Jobst Clemens
Quest for Stable Money Jobst Clemens
Caught up in the costly Napoleonic wars, Austria went into sovereign default in 1811. During the two hundred years that followed, the Oesterreichische Nationalbank grew from the treasury's banker-of-choice into a central bank, and from a private stock corporation into a public institution. Five years later, the public authorities founded a national bank to be financed and run by private shareholders, the idea being that an independent bank would help rebuild trust in money.
How far must central bank independence go? Yet the challenges facing today's Nationalbank are a surprising echo of the past: How can it provide stable money? How does monetary policy making work in a multinational monetary union?
Stretching from the Nationalbank's predecessor, the Wiener Stadtbanco, to Austria's integration into the European Union today, this engaging book provides the first extensive overview of
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