The book assesses the most exciting experiment in modern economic history - the German currency union of 1990 - on three levels. Firstly the international consequences are analysed utilising different paradigms of monetary theory. These controversial results lead to a closer look at the relationship between monetary policy and production in Germany, and thirdly, the book concludes with a reconsideration of the old economic question, whether money matters, applied to the German case.

The German Currency Union of 1990: A Critical Assessment

Business & Money

Stephen F. Frowen

Jens Hölscher

Economics

PALGRAVE~MACMILLAN

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Books by Jens Hölscher

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The German Currency Union of 1990: A Critical Assessment