TheGoldkrieg
Revaluing the Bundesbank's reserves and the politics of EMU
Bibliographic Data
| ID | 6262020 |
|---|---|
| Authors | Mark Duckenfield (Harvard University Press, corresponding author) |
| Year | 1999 |
| Volume | 8 |
| Issue | 1 |
| Pages | 106-130 |
| Publication date | 1999-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | German Politics (JOURNAL) |
| Journal identifiers | ISSN: 0964-4008 • E-ISSN: 1743-8993 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/09644009908404544 |
| OpenAlex | W2017606449 |
| Language | EN |
| Citations received | 9 |
| References cited | 5 |
In May and June 1997, Germany's commitment to Economic and Monetary Union (EMU) underwent its most serious test ever when the Bundesbank and the government of Chancellor Helmut Kohl clashed openly over the government's plans to revalue the country's gold reserves. Faced with a budget shortfall and strong political opposition to either tax increases or spending cuts, Finance Minister Waigel attempted to introduce a modest change in the Bundesbank's bookkeeping procedures to bring them in line with the standard practices at other European central banks. The Bundesbank resisted, arguing that the changes would infringe upon its closely guarded independence. This paper explores the political and economic circumstances behind the conflict
Economic and monetary union · Economic policy · Economics · European union · Government (linguistics · Independence (probability theory · Opposition (politics · Political economy · Political science · Politics · European Monetary and Fiscal Policies · European Union Policy and Governance · Global Financial Regulation and Crises · Law
European States and the Euro
Industrial Relations
Economic Policy Management
The Euro and Labour Market and Wage Policies
Social Policy
Der lange Schatten der schönen Illusion
Why EMU Is—or May Be—Good for European Welfare States
Governance in Contemporary Germany
Bundesbank‐government relations in Germany in the 1990s
| Unique citing works | 9 |
|---|---|
| Citations per year | 0,33 |
| Citation span | 1999 - 2005 (7) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 8 |