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With the Bundesbank now the dominant German actor in international monetary cooperation, Germany’s partner states have begun to consider the requirements of the bank—rather than the government—paramount. Dorothee Heisenberg maintains that the evolution of the Bundesbank is key to understanding how and why Europeans chose to achieve monetary union. Heisenberg demonstrates that the domestic relationship between the Bundesbank and the German government is a significant determinant of cooperation at the European level. Drawing on historical evidence from 1968 to the present, she reveals that the bank has at times been willing to change its domestic monetary policies solely on the basis of the international situation. Similarly, it has become increasingly likely to challenge the government’s monetary policy, and was the primary force in negotiating EMU.

POLITICAL SCIENCE / World / European.

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DE / Germany - Duitsland - Allemagne --- 333.111.0 --- 333.825 --- 334.151.20 --- 334.151.27 --- 334.151.21 --- 334.150.0 --- Monetary policy --- -European Union --- -332.4943 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. --- Deviezenpolitiek. Interventies. --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Europees monetair stelsel. --- Europese centrale bank. ESCB. Centrale banken. --- Institutionele aspecten EG: algemeenheden. --- Deutsche Bundesbank. --- European Monetary System (Organization) --- Système monétaire européen (Organization) --- Europäisches Währungssystem (Organization) --- Sistema Monetario Europeo (Organization) --- Europees Monetair System (Organization) --- Europæisk monetær system (Organization) --- Euroopan valuuttajärjestelmä --- EMS (European Monetary System) --- E.M.S. (European Monetary System) --- EWS (European Monetary System) --- E.W.S. (European Monetary System) --- SME (European Monetary System) --- S.M.E. (European Monetary System) --- Banque centrale de l'Allemagne de l'Ouest --- Banca federale tedesca --- Banca centrale tedesca --- Bank Deutscher Länder --- 332.4943 --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Deviezenpolitiek. Interventies --- Institutionele aspecten EG: algemeenheden --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Europese centrale bank. ESCB. Centrale banken --- Europees monetair stelsel --- European Union --- E.U.

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Political sociology --- Politics

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Political sociology --- Politics

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Political sociology --- Politics