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Until recently, central bank independence was confined to just two major capitalist countries: the USA and Germany. As a result of stagflation and the voguish espousal of neo-liberalism in the 1980s, the institution has been adopted in most OECD and in many other countries. This book questions the principle of autonomy, examining the Bundesbank in historical context and exposing the flaws in both the technical and the political case for the wholesale adoption of the Bundesbank model by other states.

Private finance --- Germany --- DE / Germany - Duitsland - Allemagne --- 333.111.0 --- 333.820 --- 331.162.22 --- Banks and banking, Central --- -Monetary policy --- -332.110943 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. --- Geschiedenis van de private banken. --- Deutsche Bundesbank --- Banque centrale de l'Allemagne de l'Ouest --- Banca federale tedesca --- Banca centrale tedesca --- Bank Deutscher Länder --- History. --- Banques centrales --- Politique monétaire --- Monetary policy --- Histoire --- History --- 332.110943 --- Geschiedenis van de private banken --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Politique monétaire