Currency Substitution: A Theoretical and Empirical Analysis for Germany and Europe

The deutschmark is the anchor currency within the asymmetrical functioning of the European Monetary System (EMS). Thus the proper functioning of the monetary targeting strategy of the Bundesbank is a necessary prerequisite of the success of the system. This strategy relies heavily on stable monetary...

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Veröffentlicht in:	Manchester school of economic and social studies 1999-03, Vol.67 (2), p.137-153
Hauptverfasser:	Seitz, Franz, Reimers, Hans-Eggert
Format:	Artikel
Sprache:	eng
Schlagworte:	Central banks Currency Currency substitution Demand for money Deutsche marks Economic models Empirical research Europe European Monetary System Germany Monetary policy Monetary relations Statistical analysis Studies
Online-Zugang:	Volltext
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